The details of the speculation, corruption, and gullibility surrounding the South Sea bubble of 1720–21 are rather complex. Let us begin from the beginning.
Category: FinBits
In layman terms, Regression to the Mean is that a less extreme score would follow a more extreme outcome in the next measurement.
So, would you rather earn $90,00,000 and escape taxes or earn $1,00,00,000 and give 10% of it as tax?