Managerial Behavior in Fund Tournaments—The Impact of TrueSkill

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

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Year of publication:	[2021]
Authors:	Swade, Alexander ; Köchling, Gerrit ; Posch, Peter N.
Publisher:	[S.l.] : SSRN
Subject:	Führungskräfte \| Managers \| Investmentfonds \| Investment Fund \| Management \| Verhalten \| Behaviour \| Wirkungsanalyse \| Impact assessment \| Verhalten in Organisationen \| Organizational behaviour \| Anlageverhalten \| Behavioural finance

Extent:	1 Online-Ressource (34 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Asset Management, Vol. 22(1), pp. 62-75 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 3, 2020 erstellt
Classification:	G11 - Portfolio Choice ; G23 - Pension Funds; Other Private Financial Institutions ; g40
Source:	ECONIS - Online Catalogue of the ZBW

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