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Finance

Publication in the Journal of Asset Management

Our recent paper "Managerial behavior in fund tournaments—the impact of TrueSkill" has been published in the Journal of Asset Management

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.

 

Citation:

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

 

Read the article