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Managerial behavior in fund tournaments—the impact of TrueSkill

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Managerial behavior in fund tournaments—the impact of TrueSkill. / Swade, Alexander; Köchling, Gerrit; Posch, Peter.

In: Journal of Asset Management, Vol. 22, No. 1, 09.01.2021, p. 62-75.

Research output: Contribution to journalJournal articlepeer-review

Harvard

Swade, A, Köchling, G & Posch, P 2021, 'Managerial behavior in fund tournaments—the impact of TrueSkill', Journal of Asset Management, vol. 22, no. 1, pp. 62-75. https://doi.org/10.1057/s41260-020-00198-7

APA

Swade, A., Köchling, G., & Posch, P. (2021). Managerial behavior in fund tournaments—the impact of TrueSkill. Journal of Asset Management, 22(1), 62-75. https://doi.org/10.1057/s41260-020-00198-7

Vancouver

Swade A, Köchling G, Posch P. Managerial behavior in fund tournaments—the impact of TrueSkill. Journal of Asset Management. 2021 Jan 9;22(1):62-75. https://doi.org/10.1057/s41260-020-00198-7

Author

Swade, Alexander ; Köchling, Gerrit ; Posch, Peter. / Managerial behavior in fund tournaments—the impact of TrueSkill. In: Journal of Asset Management. 2021 ; Vol. 22, No. 1. pp. 62-75.

Bibtex

@article{bdd2cf3fc6ed430a9422966c15f94049,
title = "Managerial behavior in fund tournaments—the impact of TrueSkill",
abstract = "Measuring mutual fund managers{\textquoteright} skills by Microsoft{\textquoteright}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.",
keywords = "Fund Tournament, Skill, Risk-shifting, TrueSkill, Bayesian Network",
author = "Alexander Swade and Gerrit K{\"o}chling and Peter Posch",
year = "2021",
month = jan,
day = "9",
doi = "10.1057/s41260-020-00198-7",
language = "English",
volume = "22",
pages = "62--75",
journal = "Journal of Asset Management",
issn = "1470-8272",
publisher = "Palgrave Macmillan Ltd.",
number = "1",

}

RIS

TY - JOUR

T1 - Managerial behavior in fund tournaments—the impact of TrueSkill

AU - Swade, Alexander

AU - Köchling, Gerrit

AU - Posch, Peter

PY - 2021/1/9

Y1 - 2021/1/9

N2 - 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.

AB - 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.

KW - Fund Tournament

KW - Skill

KW - Risk-shifting

KW - TrueSkill

KW - Bayesian Network

U2 - 10.1057/s41260-020-00198-7

DO - 10.1057/s41260-020-00198-7

M3 - Journal article

VL - 22

SP - 62

EP - 75

JO - Journal of Asset Management

JF - Journal of Asset Management

SN - 1470-8272

IS - 1

ER -