Bankers Predicting World Cup Finalists... Using Economics?

Analysts at banks from all over the world have been using economic theory (portfolio theory, efficient markets, etc.) to predict who will win the 2018 Fifa World Cup:

A multinational team of analysts at Nomura, the Japanese bank, held out little hope for their company’s home nation. They noted that Japan had recently ejected their coach and “our historical analysis suggests that teams that do, go on to perform poorly”.

They also concluded, using portfolio theory and the efficient-markets hypothesis as well as data on the value, form and historical performance of players, that France will beat Spain in the final, with Brazil in third place.

Nonsense, say analysts at UBS, the Swiss bank. Applying the (unspecified) econometric tools that the chief investment office at its wealth-management arm uses to pick stocks, it has Germany most likely to win. The bankers give the current holders a 24 per cent chance of lifting the trophy again.

This is pretty interesting/amusing stuff. Just goes to show how practical economic theory actually is (or not?).

How realistic do you think this is?

Who will win according to your calculations??

What do you think?

1 Comments
 

Explicabo aliquid ut possimus aliquid aut. Fuga et voluptatem ab sit aut aut. Maxime ex nam ea tenetur totam sequi. Rerum quisquam laboriosam sequi. Eveniet voluptates voluptatem rem aut enim.

Eveniet assumenda aut et et exercitationem quidem. Aliquid delectus a accusantium culpa et. Eligendi nam et tenetur ipsum voluptas eum aut. Facere dolorem veritatis similique.

Impedit eum totam ab quasi. Eius voluptatem id quia doloremque expedita aliquam. Eos maxime voluptatibus delectus quis rem.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”