32 Pages Posted: 6 Apr 2005
Date Written: May 16, 2003
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.
Notes: Downloadable document is not in English.
Keywords: Data snooping, look-ahead bias, mutual funds, predictability, efficient market hypothesis
Suggested Citation: Suggested Citation
Verbeek, Marno, Onweerlegbaar Bewijs? Over het Belang en de Waarde van empirisch Onderzoek voor Financierings - en Beleggingsvraagstukken (May 16, 2003). ERIM Report Series Reference No. EIA-2002-009-F&A. Available at SSRN: https://ssrn.com/abstract=678258