BARRAS, Laurent; SCAILLET, Olivier; WERMERS, Russ - Swiss Finance Institute - 2005
zero. To address this issue, this paper quantifies the impact of luck with new measures built on the False Discovery Rate … False Discovery Rate (FDR). These FDR measures provide
a simple way to compute the proportion of funds with genuine positive …, C12
Keywords: Mutual Fund Performance, False Discovery Rate, Multiple Testing
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We are grateful to E. Ronchetti, R …