In the Champions League Final 2008, Manchester United and Chelsea faced off in a dramatic game that ended in a penalty shootout. This was not just riveting soccer, but also fascinating game theory and economics.
Economist Ignacio Palacios-Huerta had provided Chelsea with an amazing accurate cheat sheet created from a detailed analysis of Manchester United’s history of penalty shots.
It is absolutely fascinating to read the analysis and the watch the YouTube video of the shootout. Check it out:
And the punchline:
Here’s a YouTube video (one of many) of the amazing shoot-out:
If you liked this, you should read the rest of “Soccernomics” by Kuper & Symanski. This is one of the books I’m reading before the South Africa World Cup in just a few months, and it’s quite good.