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Sophistication Revisited

Theory of Computing Systems, 2003
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Antunes, Luís, Fortnow, Lance
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Text Sophistication and Sophisticated Investors

SSRN Electronic Journal, 2019
We show that two novel measures of text sophistication, applied to hedge fund strategy descriptions, encapsulate incremental information about funds. Consistent with the linguistics literature, hedge funds with lexically diverse strategy descriptions outperform, eschew tail risk, and encounter fewer regulatory problems.
JOENVAARA, Juha   +3 more
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