An economic explanation of Bayern's failure
Yesterday's Champions League final has not only been very embarrassing for Bayern Munich. When Bastian Schweinsteiger missed his penalty, I also met my Waterloo.
I had predicted earlier that Bayern would beat Chelsea because they were structurally the stronger team. I based my forecast on the fact that compared to Chelsea, the value of the Bayern squad is 30 percent higher.
For all those expecting too much from my predictive ability this European Championship, this article shows that predicting a winner of something as basic as a football match is an imprecise art and definitely not a science.
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