In this paper, we develop a daily-frequency measure of economic and policy uncertainty for Chile, employing information obtainedfrom Twitter accounts using web scraping techniques following closely the methodology proposed by Baker et al. (2016). Our measure, called DEPUC, aims to capture level general disagreement -a proxy uncertainty- in topics such as economy, policies, about particular even...

Trust in general, is an important factor in many social interactions, involving uncertainty and dependency. Trust is central to any economic transaction, whether conducted in a retail outlet in the real offline world or over the Internet, by means of a website. However, trust is even more important in an online situation (Riegelsberger, Sasse, & McCarthy, 2005; Walczuch & Lundgren, 2004). One r...

We discuss behavioral studies directed at understanding how probability information is represented in motor and economic tasks. By formulating the behavioral tasks in the language of statistical decision theory, we can compare performance in equivalent tasks in different domains. Subjects in traditional economic decision-making tasks often misrepresent the probability of rare events and typical...

Uncertainty shocks cause economic activity to contract and more so, if monetary policy is constrained by an effective lower bound on interest rates. In this paper, we investigate whether countries with a currency peg or countries within currency unions are also particularly prone to suffer from the adverse effects of heightened uncertainty because they lack monetary independence. First, we esti...