Study Indicates Losing Soccer Games Hurts Economies

A new economic study has demontrated that "losses in soccer matches have an economically and statistically significant negative effect on the losing country’s stock market." Here's the paper's abstract: "This paper investigates the stock market reaction to sudden changes in investor mood. Motivated by psychological evidence of a strong link between soccer outcomes and mood, we use international soccer results as our primary mood variable. We find a significant market decline after soccer losses. . . . This loss effect is stronger in small stocks and in more important games . . . . We also document a loss effect after international cricket, rugby, and basketball games."

Now that's what I call moneyball.

Hat tip to Conglomerate.

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