Managerial behavior in fund tournaments—the impact of TrueSkill
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...
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| Veröffentlicht in: | Journal of asset management 2021-02, Vol.22 (1), p.62-75 |
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| container_title | Journal of asset management |
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| creator | Swade, Alexander Köchling, Gerrit Posch, Peter N |
| description | 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. |
| doi_str_mv | 10.1057/s41260-020-00198-7 |
| format | Article |
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| identifier | ISSN: 1479-179X |
| ispartof | Journal of asset management, 2021-02, Vol.22 (1), p.62-75 |
| issn | 1479-179X 1470-8272 1479-179X |
| language | eng |
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| source | Springer Nature - Complete Springer Journals |
| subjects | Algorithms Bayesian network Economics and Finance Finance Financial Services Fund tournament Investment advisors Investment policy Original Article Portfolio management Probability Risk Management Risk-shifting Skill Skills Tournaments & championships TrueSkill |
| title | Managerial behavior in fund tournaments—the impact of TrueSkill |
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