Swade, Alexander; Köchling, Gerrit; Posch, Peter N. - In: Journal of Asset Management 22 (2021) 1, pp. 62-75
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...