Term
Regression to the mean
The tendency of an extreme result to be followed by one closer to the average. Described by Francis Galton.
Against the Gods: The Remarkable Story of Risk, Peter L. Bernstein
Explained in
- Against the Gods: The Remarkable Story of Risk, Peter L. Bernstein
- Thinking, Fast and Slow, Daniel Kahneman
after an unusually high or low result, the next one is usually closer to normal.