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  4. Cutthroats or Comrades: Information Sharing Among Competing Fund Managers

Dec

07

Wednesday

Cutthroats or Comrades: Information Sharing Among Competing Fund Managers

3.00pm

Seminars

Public

Speaker: Dr Bernhard Ganglmair (University of Texas at Dallas)

Series: Department of Economics Seminar Series 2016-17

Abstract

Recent evidence of correlated trading among networked fund managers provides an indication that professional investors strategically exchange investment ideas. To examine how and why such information sharing arises, we design a laboratory experiment in which managers share ideas until one of them chooses to terminate the exchange for a competitive advantage or fails to generate a new idea. We find that managers' sharing increases in rivals' ability or subjective expectation that rivals will share in return (i.e., intention). Furthermore, expectations about rivals' intentions matter more than rivals' ability, and rivals' ability matters more than a manager's own ability.

This seminar is part of the Department of Economics Seminar Series 2016-17. The seminars are open to all - no registration necessary.

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When & where

3.00pm - 4.30pmWednesday 7th December 2016

D220 Rhind Building City, University of London St John Street London EC1R 0JD United Kingdom

Contact Details

Sotiris Georganas

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Find us

City, University of London

Northampton Square

London EC1V 0HB

United Kingdom

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City, University of London is an independent member institution of the University of London. Established by Royal Charter in 1836, the University of London consists of 18 independent member institutions with outstanding global reputations and several prestigious central academic bodies and activities.