Onweerlegbaar Bewijs? Over het Belang en de Waarde van empirisch Onderzoek voor Financierings - en Beleggingsvraagstukken

Abstract:     
The use of advanced econometric techniques is becoming more and more standard in risk management and investments. Empirical results are important for, e.g., deriving and evaluating asset pricing models, determining attractive investment strategies or the evaluation of the performance of mutual funds. On the basis of a number of examples, the author illustrates the power of empirical evidence, paying particular attention to cases where statistical evidence can be highly misleading.

Note: Downloadable document is not in English.

Number of Pages in PDF File: 32

Keywords: Data snooping, look-ahead bias, mutual funds, predictability, efficient market hypothesis

working papers series