Right at the beginning of the article the author says the main goal is to:
> investigate the extent to which fast thinking is the dominant factor affecting game outcomes at any time control.
To achieve this goal, I think we'd need an hypothesis that isolates the effects of fast thinking, and not one that could confound correlated factors with the effects of fast thinking itself.
By just comparing probabilities of winning at various time controls, we're evaluating players as a whole and not isolating any aspect of their thinking, so this hypothesis doesn't seem helpful.
Perhaps if the study looked at individual moves and how much time they took to make that could help?
If you think of chess as two people with different capacity CPUs calculating against each other (many people do) then time should only ever make the outcome more certain. The author basically says that if that was true, people that beat you at fast chess should be even more likely to beat you slower chess, but that doesn’t seem to be the case.
I believe that the author is just restating the NH, which is the hypothesis that slowing down time controls will make the dominant player more dominant (or at least maintain the advantage). The alternate hypothesis is stated afterwards
> AH: NHC is false. On average, given some rating difference \(x\), if \(A\) beats \(B\) at the quick time control with a probability \(p\), then \(A\) beats \(B\) at the slower time control with probability \(p' < p\).