Friday, December 16, 2005

See... Soccer does matter!

Three researchers just completed a study regarding the affects of World Cup performance on the stock market. The effect is fairly large and likely temporary. What is really odd, however, is that they found that there is only a negative impact (i.e. after a loss) and no corresponding positive impact.

The reason, I suppose, is that losing in the World Cup is generally fatal, whereas winning just means you have another game to play.

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