Recently, much attention has been devoted to measuring macroeconomic (expectation) uncertainty and its impact on aggregate economic fluctuations. This paper presents a new qualitative measure of expectation based data from German online survey consumer expectations. The design works well. Elicited is related volatility conventional measures as expected. Its dependency socioeconomic factors in l...

We consider a general crowdsourcing setting with strategic workers whose qualities are unknown and design a multiarmed bandit (MAB) mechanism, CrowdUCB, which is deterministic, regret minimizing, and offers immediate payments to the workers. The problem involves sequentially selecting workers to process tasks in order to maximize the social welfare while learning the qualities of the strategic ...