Not Enough Meaning
We tend to find stories and patterns even when looking at sparse data
Hot–hand fallacy
Description
The fallacious belief that a person who has experienced success with a random event has a greater chance of further success in additional attempts.
Hot–hand fallacy in business decision
A salesperson who has closed several deals in a row might believe they are on a "hot streak" and take on riskier leads, assuming continued success regardless of probabilities.
Hot–hand fallacy in personal life decision
After making several basketball shots in a row, you believe you're more likely to make the next shot.