Now that the 2006 Worlds Cup is underway, you’ve no doubt been hearing just how much the tournament means to most countries around the globe, the U.S. perhaps being the odd exception to that rule. But beyond face-painting, the flag waving and the singing of various national anthems, there are even more telling signs of the impact that a single soccer game can have not just on a country’s mood, but its fortunes as well.
Diego Garcia is an assistant professor at the Tuck School of Business at Dartmouth College, and along with some colleagues has published a study showing a correlation between losses on the soccer pitch and the stock market. He spoke with Mitch Wertlieb about the study.