Evaluating the quality of investment products: can expert judgment outsmart the market?
|Článek v odborném periodiku
|Časopis / Zdroj
|Fakulta / Pracoviště MU
|Behavioral bias; Expert judgment; Investment (mutual) funds; Subjective forecasting
|This paper aims to deal with expert judgment and its predictive ability in the context of investment funds. The judgmental ratings awarder with a large set of experts was compared to a sample of the dynamic investment funds operating in Central andEastern Europe with their objective performance, both past and future, relatively to the time of the forecast.