Pulling the Goalie: Hockey and Investment Implications

13 Pages Posted: 8 Mar 2018  

Clifford S. Asness

AQR Capital Management, LLC

Aaron Brown

New York University (NYU) - Courant Institute of Mathematical Sciences; Columbia University

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

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

Aaron Brown

New York University (NYU) - Courant Institute of Mathematical Sciences ( email )

New York University
New York, NY 10012
United States

Columbia University ( email )

New York
5702960414 (Phone)
5702960414 (Fax)

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