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...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of asset management 2021-02, Vol.22 (1), p.62-75
Hauptverfasser:	Swade, Alexander, Köchling, Gerrit, Posch, Peter N
Format:	Artikel
Sprache:	eng
Schlagworte:	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
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!