UC San Diego

In this dissertation I axiomatize and extend current behavioral economic models for risk preferences. Based on my theoretical findings, I also design experiment to test these theories.

In Chapter 1, I provide axiomatic foundations for salience and regret theory, and then evaluate their empirical validity. In Chapter 2, which is co-authored with Professor Charles Sprenger, we extend the model of salience theory into a multi-dimensional setting and test the new model using both existed dataset and novel experiments. In Chapter 3, I propose a method to test cumulative prospect theory.