Managerial behavior in fund tournaments—the impact of TrueSkill

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Asset Management ; ISSN: 1479-179X ; Volume: 22 ; Year: 2021 ; Issue: 1 ; Pages: 62-75 ; London: Palgrave Macmillan UK

Classification and Topics

• Classification: Wirtschaft ; Portfolio Choice; Investment Decisions ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Behavioral Finance: General‡
• Subject: Fund tournament ; Skill ; Risk-shifting ; TrueSkill ; Bayesian network

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Swade, Alexander ; Köchling, Gerrit ; Posch, Peter N.
• Event: Veröffentlichung
• (who): Palgrave Macmillan UK
• (where): London
• (when): 2021

Further information

• DOI: doi:10.1057/s41260-020-00198-7
• Last update: 10.03.2025, 11:43 AM CET