This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of professional chess players relative to a computational benchmark of cognitively bounded rationality. This benchmark is constructed using algorithms of modern chess engines and allows...

In recent years, survey-based measures of expectations and disagreement have received increasing attention in economic research. Many forecast surveys ask their participants for fixed-event forecasts. Since fixed-event forecasts have seasonal properties, researchers often use an ad-hoc approach...

This paper compares two single-equation approaches from the recent nowcast literature: Mixed-data sampling (MIDAS) regressions and bridge equations. Both approach are used to nowcast a low-frequency variable such as quarterly GDP growth by higher-frequency business cycle indicators. Three...