Football and exchange rates: empirical support for behavioral economics

Simple item page
buir.contributor.authorBerument, Hakan
dc.citation.epage654en_US
dc.citation.issueNumber2en_US
dc.citation.spage643en_US
dc.citation.volumeNumber101en_US
dc.contributor.authorEker, G.en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDogan, B.en_US
dc.date.accessioned2016-02-08T10:12:54Z
dc.date.available2016-02-08T10:12:54Z
dc.date.issued2007en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractRecently, economic theory has been expanded to incorporate emotions, which have been assumed to play an important role in financial decisions. The present study illustrates this by showing a connection between the sports performance of popular national football teams (Besiktas, Fenerbahce, and Galatasaray) and performance of the Turkish economy. Specifically, a significant positive association was found between the success of three major professional Turkish football teams and the exchange rate of the Turkish lira against the U.S. dollar. The effect of the football success of several Turkish football teams on the exchange rate of the Turkish lira was examined using the simultaneous multiple regression model with predictor measures of wins, losses, and ties for different combinations of teams to predict the depreciation rate of the Turkish lira between the years 1987 and 2003. Wins by Turkish football teams against foreign (non-Turkish) rivals increased with exchange rate depreciation of the Turkish lira against the U.S. dollar. © Psychological Reports 2007.en_US
dc.identifier.doi10.2466/PR0.101.2.643-654en_US
dc.identifier.eissn1558-691X
dc.identifier.issn0033-2941
dc.identifier.urihttp://hdl.handle.net/11693/23366
dc.language.isoEnglishen_US
dc.publisherSage Publications, Inc.en_US
dc.relation.isversionofhttps://doi.org/10.2466/PR0.101.2.643-654en_US
dc.source.titlePsychological Reportsen_US
dc.subjectComparative studyen_US
dc.subjectEmpirical researchen_US
dc.subjectFootballen_US
dc.subjectStatistical modelen_US
dc.subjectUnited Statesen_US
dc.subjectEconomicsen_US
dc.subjectTurkeyen_US
dc.titleFootball and exchange rates: empirical support for behavioral economicsen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Football and exchange rates Empirical support for behavioral economics.pdf
Size:
2.18 MB
Format:
Adobe Portable Document Format
Description:
Full printable version
Download

Collections

Department of Economics