Spillover Effects in Contests with Heterogeneous Players - Evidence from European Football

Metaphorical elements are a highly productive language means in live reports about sport events on TV. They occur in different relations to what is simultaneously seen on screen and depend on the reporter as well as on the special kind of sport. But nevertheless, general structures and functions of metaphors in those medium-bound oral texts can be indicated; as one of the markers they contribute to what is often called language of sport or maybe rather communicative template of sport. Examples taken from TV reports of the European Football Championship and the Olympic Games (both took place in 2016) are used to illustrate this character of metaphorical expressions in sport reports on TV.

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Direct and spillover effects of agricultural advisory services: Evidence from the farm science centre in Uttar Pradesh, India

10.2499/p15738coll2.133316 ◽

2019 ◽

Author(s):

International Food Policy Research Institute (IFPRI)

Keyword(s):

Uttar Pradesh ◽

Spillover Effects ◽

Advisory Services ◽

Science Centre

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The profitability of algorithmic trading systems based on football sentiment

International Sports Studies ◽

10.30819/iss.42-1.04 ◽

2020 ◽

Vol 42 (1) ◽

pp. 33-46

Author(s):

Raúl Gómez-Martínez ◽

Camila Marqués-Bogliani ◽

Jessica Paule-Vianez

Keyword(s):

Financial Markets ◽

Investment Decisions ◽

Futures Market ◽

Algorithmic Trading ◽

Investment Strategies ◽

Measurable Effect ◽

Behavioural Finance ◽

Trading Systems ◽

European Football

Behavioural finance has shown that investment decisions are the result of not just rational but also emotional brain processes. On the assumption that emotions affect financial markets, it would seem likely that football results might have a measurable effect on financial markets. To test this, this study describes three algorithmic trading systems based exclusively on the results of three top European football teams (Juventus, Bayern München and Paris St Germain) opening long or short positions in the next market season of the futures market of the index of each country (MIB (Milano Italia Borsa), DAX (Deutscher Aktien Index) and CAC (Cotation Assistée en Continu). Depending on the outcome of the last game played a long position was taken after a victory and a short position after a draw or defeat. The results showed that the algorithmic systems were profitable in the case of Juventus and Bayern whereas in the case of PSG, the system was profitable, but in an inverse way. This study shows that investment strategies that take account of sports sentiment could have a profitable outcome.

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