Evaluating the quality of investment products: can expert judgment outsmart the market?
|Druh||Článek v odborném periodiku|
|Časopis / Zdroj||The journal of future studies, strategic thinking and policy|
|Fakulta / Pracoviště MU|
|Klíčová slova||Behavioral bias; Expert judgment; Investment (mutual) funds; Subjective forecasting|
|Popis||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.|