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Money Predicted Spain as Football World Champion


  • Jürgen Gerhards
  • Gert G. Wagner


Historically, football experts' predictions were the only method of predicting the outcomes of championships. Former players, coaches, and nearly all fans have tried their hand at it. And most of these predictions were wrong, since subjective desires and prevailing public opinions always played a major role. In the meantime, however, reliable methods are being used to make scientific predictions. And the methods utilized are becoming more and more complex.

Suggested Citation

  • Jürgen Gerhards & Gert G. Wagner, 2010. "Money Predicted Spain as Football World Champion," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 6(25), pages 193-198.
  • Handle: RePEc:diw:diwwrp:wr6-25

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    References listed on IDEAS

    1. Olaf J. de Groot & Matthew D. Rablen & Anja Shortland, 2011. "Gov-aargh-nance - "even criminals need law and order"," CEDI Discussion Paper Series 11-01, Centre for Economic Development and Institutions(CEDI), Brunel University.
    2. Anja Shortland, 2010. "The Business of Piracy in Somalia," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 6(23), pages 182-186.
    3. Anja Shortland, 2011. ""Robin Hook": The Developmental Effects of Somali Piracy," CEDI Discussion Paper Series 11-07, Centre for Economic Development and Institutions(CEDI), Brunel University.
    4. Shortland, Anja & Vothknecht, Marc, 2011. "Combating “maritime terrorism” off the coast of Somalia," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 133-151.
    5. Stig Jarle Hansen & Mark Bradbury, 2007. "Somaliland: A New Democracy in the Horn of Africa?," Review of African Political Economy, Taylor & Francis Journals, vol. 34(113), pages 461-476, September.
    6. Leeson, Peter T., 2007. "Better off stateless: Somalia before and after government collapse," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 689-710, December.
    7. Varese, Federico, 2001. "The Russian Mafia: Private Protection in a New Market Economy," OUP Catalogue, Oxford University Press, number 9780198297369, June.
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    More about this item


    forecasting; forecasting methods; efficiency; FIFA World Cup 2010;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • Z19 - Other Special Topics - - Cultural Economics - - - Other


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