Tag: economics
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How Could Spain Win the World Cup If It Had Only a 16% Chance of Winning?
Yesterday, Spain won the FIFA World Cup. Yet, before the tournament began, statistical models estimated that Spain had only a 16.1% chance of becoming world champions. If Spain had only around a one-in-six chance of winning the tournament, how did it end up lifting the trophy? The answer is not only about football. It is…
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How Can Policy Help Us Cope with a Heatwave?
The north-eastern Spanish region of Aragón is seeing some of the highest temperatures of the heatwave and, in the cities of Zaragoza and Huesca, local authorities have responded by reducing the price of entry for public swimming pools.” – BBC News, 23 June 2026. Sofia (@dailylifeecon) grew up in Zaragoza, one of the cities mentioned…
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Why do professional football players earn more than nurses?
On the 31st of March, we were invited as panellist to discuss the Economics of Football an event organised in collaboration with the University of Manchester, the Bank of England, Discover Economics and the Financial Times Financial Literacy and Inclusion Campaign. During the session, Sofia discussed how football can be used to understand key economic…
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The Devil Wears Prada 2 and the Economics of a Blockbuster
Tonight, I (Sofia) am going to the cinema with a friend to watch The Devil Wears Prada 2, and I am genuinely looking forward to it. Like many people, I loved the original film, which was based on the bestselling novel written by Lauren Weisberger (did you know she wrote the book after working for…
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Why the cost of living crises hits women harder
This Wednesday we had the honour of presenting as guest speakers at the first international conference on women, war, and economic crisis hosted at the University of Lahore. Our presentation focused on the UK. As a consequence of recent geopolitical developments and different UK internal shocks, we are facing a cost-of-living crisis. Food prices are…
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Security or Adventure? A Economist’s Take on Risk Preferences
Everyone has that friend, the one who is always drawn to risky sports: climbing, skydiving, surfing big waves. You might even be that person! But for many of us, there’s a hesitation. We like the idea of it (the excitement, the experience, the story) but when it comes to actually doing it, something holds us…
Daily Life Economics 