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Fund managers : why the best might be the worst ; on the evolutionary vigor of risk-seeking behavior

Witte, Björn-Christopher - 2012

This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences. As a practical example, the professional competition between fund managers is considered. To explore how different settings of competition parameters, the exclusion rate and...

Persistent link: https://www.econbiz.de/10009553043

Fund managers : why the best might be the worst ; on the evolutionary vigor of risk-seeking behavior

Witte, Björn-Christopher - 2012

This article explores the influence of competitive conditions on the evolutionary fitness of risk preferences, using the professional competition between fund managers as a practical example. To explore how different settings of competition parameters, the exclusion rate and the exclusion...