Managerial behavior in fund tournaments—the impact of TrueSkill
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AbstractMeasuring 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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2013 ◽
Vol 14
(4)
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pp. 677-695
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2014 ◽
Vol 15
(1)
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pp. 1-15
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2007 ◽
Vol 8
(1)
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pp. 20-34
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2019 ◽
Vol 3
(3)
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pp. 49-62
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