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.

Additional Metadata
Keywords data snooping, efficient market hypothesis, look-ahead bias, mutual funds, predictability
ISBN 978-905892-026-3
Persistent URL hdl.handle.net/1765/343
Citation
Verbeek, M.J.C.M.. (2002, June 21). Onweerlegbaar Bewijs? Over het Belang en de Waarde van empirisch Onderzoek voor Financierings- en Beleggingsvraagstukken. Retrieved from http://hdl.handle.net/1765/343