Photo by Fauzan Saari on Unsplash

As one of the world’s most watched sporting events, the Fédération Internationale de Football Association (FIFA) World Cup is a global soccer competition between nations from around the world. In fact, the FIFA World Cup attracts more than three billion viewers.[1] While not very popular in America, soccer, especially during the World Cup, attracts large portions of viewers from several countries, especially when their own nation’s team competes in this event. Many of these viewers are investors who react emotionally to match outcomes, affecting stock markets . This phenomenon is known as the “World Cup effect.” For example, an investor…

Malcolm McCabe

Economics & Data Science Graduate from Davidson College | Currently in Data Analytics | Interests include Sports, Economics, Statistics, and Music

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