Changing clocks and DST rules has a direct economic cost, entailing extra work to support remote meetings, computer applications and the like. For example, a 2007 North American rule change cost an estimated $500 million to $1 billion, and Utah State University economist William F. Shughart II has estimated the lost opportunity cost at around $1.7 billion USD. Although it has been argued that clock shifts correlate with decreased economic efficiency, and that in 2000 the daylight-saving effect implied an estimated one-day loss of $31 billion on US stock exchanges, the estimated numbers depend on the methodology. The results have been disputed, and the original authors have refuted the points raised by disputers.
What do some call the effect that they say caused a one-day loss for stock exchanges of approximately $31 billion in the year 2000?
the daylight-saving effect