Purpose – Tiger Woods suffered minor injuries and major scrutiny into his personal life due to a suspicious car crash. Previous research suggests that his sponsors would be expected to suffer a significant negative shock. The purpose of this paper is to determine if there was such a shock and...

We evaluate the role of gold and other precious metals relative to volatility (Volatility Index (VIX)) as a hedge (negatively correlated with stocks) and safe haven (negatively correlated with stocks in extreme stock market declines) using data from the US stock market. Using daily data from...

Purpose – Tiger Woods suffered minor injuries and major scrutiny into his personal life due to a suspicious car crash. Previous research suggests that his sponsors would be expected to suffer a significant negative shock. The purpose of this paper is to determine if there was such a shock and...

Japan's most powerful known earthquake struck at 2:46p.m. on Friday, March 11, 2011. We study the unusual trading behaviors of individual and foreign investors in Japan during the aftermath of this natural disaster. Individual investors typically show contrarian trading patterns, so the sharp...

Purpose – Tiger Woods suffered minor injuries and major scrutiny into his personal life due to a suspicious car crash. Previous research suggests that his sponsors would be expected to suffer a significant negative shock. The purpose of this paper is to determine if there was such a shock and...

This article examines the labor supply of the top golfers on the American PGA tour from 1997 to 2003. Three hypotheses are proposed about the participation rates of these players to show that the purse alone is not enough to explain entry. The participation rate proves to be influenced by the...

Consistency is sought after by professional golfers and commended by analysts, but tournament theory predicts that inconsistency is beneficial when the reward scheme is top heavy. Simulating a typical tournament and adjusting each player's standard deviation, the author finds that all players...