Tag: worldcup
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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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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…
Daily Life Economics 