Pulling the Goalie: Hockey and Investment Implications

Citation data:

SSRN Electronic Journal

Publication Year:
2018
Usage 100731
Abstract Views 68623
Downloads 32108
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Mentions 4
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SSRN
SSRN Id:
3132563
DOI:
10.2139/ssrn.3132563
Author(s):
Clifford S. mname Asness; Aaron mname Brown
Publisher(s):
Elsevier BV
Tags:
Behavioral Finance; Portfolio and Risk Management; Hockey; Goalie Pull; Sports Economics
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article description
We build a simple, but powerful and intuitive, model for when a hockey coach should pull the goalie when trailing. When the model reports that the coaches aren’t doing it nearly early enough, we then ask why, and take away some key lessons for portfolio and risk management, and business in general.