For something as complicated as a World Cup, that may seem like a strong statement. Indeed it is, but we wouldn’t say so if we couldn’t know that we can show it….
Interested ? Read on.
We’ll get to the juicy stuff soon but before then an introductory word. All over the world economists and econometricians (economic statisticians) try to explain complex problems that we see all around us in the world. It turns out that the analytical techniques used are quite handy when it comes to sports.
So instead of asking something like: ‘Why do sales of luxury goods rise when peoples incomes go up ?’ we focus on sports (because we really really like sports !).
The first paper on the economics of sports was written in 1956. Since then, a large body of research literature has been developed that tries to explain many aspects of sports. Why do certain teams win leagues, why do some clubs make money and some the opposite ? Increasingly, the techniques are being used to analyse results data.
We want to be a premium analysis site, so we put all of the above together and try to get to the heart of what is going on, what fundamentally makes things tick ?
Hence the research question: ‘Who has won Rugby Union World Cups, and why ?’.
Lets give it a lash.