Pulling the Goalie: Hockey and Investment Implications
13 Pages Posted: 8 Mar 2018
Date Written: March 1, 2018
Abstract
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.
Keywords: Behavioral Finance, Portfolio and Risk Management, Hockey, Goalie Pull, Sports Economics
JEL Classification: G02, G00, G11, Z2, Z21
Suggested Citation: Suggested Citation
Asness, Clifford S. and Brown, Aaron, Pulling the Goalie: Hockey and Investment Implications (March 1, 2018). Available at SSRN: https://ssrn.com/abstract=3132563 or http://dx.doi.org/10.2139/ssrn.3132563
Cliff S. Asness (Contact Author)
AQR Capital Management, LLC ( email )
Two Greenwich Plaza, 3rd Floor
Greenwich, CT 06830
United States
203-742-3601 (Phone)
203-742-3101 (Fax)
HOME PAGE: http://www.aqrcapital.com
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