Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287611 
Year of Publication: 
2021
Citation: 
[Journal:] Journal of Asset Management [ISSN:] 1479-179X [Volume:] 22 [Issue:] 1 [Publisher:] Palgrave Macmillan UK [Place:] London [Year:] 2021 [Pages:] 62-75
Publisher: 
Palgrave Macmillan UK, London
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 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.
Subjects: 
Fund tournament
Skill
Risk-shifting
TrueSkill
Bayesian network
JEL: 
G11
G23
G40
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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