Publication 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 [...] 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 [...] Posch, P. N. Managerial behavior in fund tournaments—the impact of TrueSkill. Journal of Asset Management , 1-14. Read the article …