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Fakultät Wirtschaftswissenschaften

Publikation in Journal of Asset Management

Das Journal of Asset Management hat das Paper "Managerial behavior in fund tournaments—the impact of TrueSkill" veröffentlicht.


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.



Swade, A., Köchling, G., & Posch, P. N. Managerial behavior in fund tournaments—the impact of TrueSkill. Journal of Asset Management, 1-14.


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