Publikation in Journal of Asset Management
Das Journal of Asset Management hat das Paper "Managerial behavior in fund tournaments—the impact of TrueSkill" veröffentlicht.
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.
Zitation:
Swade, A., Köchling, G., & Posch, P. N. Managerial behavior in fund tournaments—the impact of TrueSkill. Journal of Asset Management, 1-14.