Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

"Tomaso's Fortune and Other Stories" is a collection of short stories by Henry Seton Merriman, published in 1890. The stories are set in various European countries and explore themes of love, betrayal, and redemption. Merriman's masterful use of characterization and descriptive language creates vivid portraits of his characters and their surroundings, making this collection a compelling read for fans of literary fiction.

Fortune. --- Luck --- Opportunity

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Luck (Wis.) --- Polk County (Wis.) --- Wisconsin

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Persistence in mutual funds’ performance is a subject that has been highly debated among the literature. No consensus has been reached yet and most of the work related to the topic have been done on U.S. markets. However, due to the recent development in European market importance, it becomes easier and more relevant to study this market as well. 
Persistence in performance has important consequences from an economic and practical perspective, if persistence is proven to be existing, then it represents a serious challenge to market efficiency, and it could also represent an important screening mechanism for investors. 

This thesis will study the performance of active domestic equity funds in Europe, focusing on 5th countries that are France, Germany, Italy, Netherlands, and Spain. 

First, a review of the literature regarding market efficiency, active management, and performance persistence in the U.S. and in Europe is performed, then a quick summary about the dataset is described and then we explain the methodology that will be used. Finally, empirical results are analyzed. To perform the analysis, we use several multi-factor models to calculate performance, as well as the use of the False Discovery Rate (FDR) to identify funds with a truly significant alpha and to eliminate the chance factor. In addition, we also use a non-parametric approach by using the Winner-Loser test and performing statistical tests on its results.

The first objective of this paper is to give an overview on the efficiency of European markets and the existence of "Skill" among mutual fund managers by also testing whether past performance can give information on future performance (if the existence of persistence is proven).
And the second objective would be to study the performance of domestic funds knowing that there is a cognitive bias for investors called "home bias" which pushes investors to overweight domestic investments compared to international investments, and to know if this bias is motivated by an "informational advantage" or if it is simply motivated by the familiarity that investors have with these companies and would therefore be an irrational choice.

mutual fund, performance, persistence, dynamic investment strategies, multifactor model, regression, manager skills, luck, false discoveries --- Sciences économiques & de gestion > Finance

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

"Luck permeates our lives, and this raises a number of pressing questions: What is luck? When we attribute luck to people, circumstances, or events, what are we attributing? Do we have any obligations to mitigate the harms done to people who are less fortunate? And to what extent is deserving praise or blame affected by good or bad luck? Although acquiring a true belief by an uneducated guess involves a kind of luck that precludes knowledge, does all luck undermine knowledge? And how accurate are our luck attributions anyway? The academic literature has seen growing, interdisciplinary interest in luck, and this volume brings together and explains the most important areas of this research. It consists of 39 newly commissioned chapters, written by an internationally acclaimed team of philosophers and psychologists, for a readership of students and researchers"--

Fortune. --- Luck --- Opportunity --- Chance. --- Success. --- Growth (Psychology) --- Personal development --- Personal growth --- Self-improvement --- Conduct of life --- Fortune --- Failure (Psychology) --- Fear of success --- Necessity (Philosophy) --- Probabilities

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Success --- Fame --- Fortune --- Psychology --- Social Sciences --- Luck --- Opportunity --- Celebrity --- Renown --- Glory --- Growth (Psychology) --- Personal development --- Personal growth --- Self-improvement --- Conduct of life --- Failure (Psychology) --- Fear of success