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
Bayesian network
Issue Date: 2021-01-09
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Appears in Collections:Professur Finance

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