I think that this is flawed in the sense that most people (including the article's author) might misinterpret it. The paper assumes that we know when a streak ends. So given that we have had a streak of tails and that it's broken what's the probability of heads? That will be biased toward heads. I've only skimmed the paper, but maybe they ultimately mean this is the source of the incorrect bias in the layman's intuition?