Investor learning and mutual fund family
In this paper we revisit the cross-fund learning method suggested by Jones and Shanken (2005) and construct a linear hierarchical model to consider the learning across funds within the fund family during the performance evaluation. We provide a full Bayesian treatment on all the factors of the prici...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
2014-03.
|
| Subjects: | |
| Online Access: | Get fulltext |