Authors: | Swade, Alexander Köchling, Gerrit Posch, Peter N. |
Title: | Managerial behavior in fund tournaments—the impact of TrueSkill |
Language (ISO): | en |
Abstract: | Measuring mutual fund managers’ skills by Microsoft’s TrueSkill algorithm, we find highly skilled managers to behave self-confident resulting in higher risk-taking in the second half of the year compared to less skilled managers. Introducing the TrueSkill algorithm, which is widely used in the e-sports community, to this branch of literature, we can replicate previous findings and theories suggesting overconfidence for mid-years winners. |
Subject Headings: | Fund tournament Skill Risk-shifting TrueSkill Bayesian network |
URI: | http://hdl.handle.net/2003/40273 http://dx.doi.org/10.17877/DE290R-22146 |
Issue Date: | 2021-01-09 |
Rights link: | https://creativecommons.org/licenses/by/4.0/ |
Appears in Collections: | Professur Finance |
Files in This Item:
File | Description | Size | Format | |
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Swade2021_Article_ManagerialBehaviorInFundTourna.pdf | 1.31 MB | Adobe PDF | View/Open |
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