Football As Financial Economics

On Arsenal Football Club and tail risk. “Ordinarily, teams play a bit better than normal or a bit worse, but performances and results are usually roughly normally distributed. Not so for Arsenal: 10% of games this season account for 50% of goals conceded”. For balance, Arsenal needs more players with what investors would call “negative beta” — ones who perform better when their team-mates are performing worse (612 words)

Log in to The Browser

Subscribe to The Browser

Welcome to The Browser!

The Browser


Share via email

Search The Browser

Email Sent

About paid content