The Canadian Sports Pool and a New Name, Dr Z, 1982

William T Ziemba

Chapter 6 in The Adventures of a Modern Renaissance Academic in Investing and Gambling, 2017, pp 61-67 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In my teaching at UBC I had some flexibility in the PhD class. I normally taught the PhD sequence on nonlinear programming and portfolio theory in the fall and then applied stochastic programming and asset-liability management in the winter. Over the years I had between 4–8 students and it was a great class to teach. My 1974 class started the stochastic programming asset-liability modeling work and had Jerry Kallberg and Martin Kusy both of whom wrote major papers with me. There were also other good students. Once in a while the PhD course could be in speculative investments and there I could cover the mathematics of that such as the nice book of Epstein (1977, 2012) plus the applications. Also I could go into interesting topics like blackjack, casino gambling, horse racing, lotteries, etc. The BC Lottery Commission had me as a consultant and that was a lot of fun plus a bit of extra income which was useful for a low paid professor in an expensive city…

Keywords: Financial History; Risk Management; Investment Strategies; Mean Reversion; Risk Arbitrage; Management of Assets (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2017
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