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This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set … likelihood estimation and does not require a comprehensive or bias-free database. We then apply our methodology to a sample of …
Persistent link: https://www.econbiz.de/10012471727
This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set … likelihood estimation and does not require a comprehensive or bias-free database. We then apply our methodology to a sample of …
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