Gerelt Tserenjigmid (Гэрэлт Цэрэнжигмид)

I am an Assistant Professor in the Department of Economics at Virginia Tech.

I received my PhD in Economics from Caltech in 2016.

Research Interests

Microeconomic Theory, Decision Theory, Behavioral Economics, Game Theory, and Behavioral Finance.

Email: gerelt [at] vt [dot] edu


1. Theory of Decisions by Intra-Dimensional Comparisons [PDF]

Journal of Economic Theory, Volume 159, September 2015, pp 326-338.

2. The Perception-Adjusted Luce Model (joint with Federico Echenique and Kota Saito) [PDF]

Mathematical Social Sciences, Volume 93, May 2018, pp 67-76.

3. Belief Consistency and Invariant Risk Preferences (joint with Adam Dominiak) [PDF]

Journal of Mathematical Economics, Volume 79, Dec 2018, pp 157-162.

4. Choosing with the Worst in Mind: A Reference-Dependent Model [PDF] [online appendix]

Forthcoming, Journal of Economic Behavior and Organization

Working Papers

1. History-Dependent Risk Aversion and the Reinforcement Effect [PDF]

First Draft: October, 2015, Current Version: August, 2017.

2. On the Characterization of Linear Habit Formation [PDF]

First Draft: December 2016, Current Version: December, 2017.

2nd round Revise and Resubmit at Economic Theory

3. The Imbalanced Luce Model (joint with Matthew Kovach) [PDF] [Online Appendix]

First Draft: December 2016, Current Version: August, 2018. (a new version coming soon)

4. Foundations of Nested Stochastic Choice and Nested Logit (joint with Matthew Kovach) [PDF][Online Appendix]

First Draft: September 2018, Current Version: February, 2019. new!!

5. Ambiguity under Growing Awareness (joint with Adam Dominiak) [PDF][Online Appendix]

Previously titled: Does Growing Awareness Increase Ambiguity?

First Draft: March, 2017 Current Version: September, 2018.

6. Asset Prices with Random Risk Preferences (joint with Kwok Ping Tsang) [PDF] [Online Appendix]

First Draft: December 2016, Current Version: March, 2018.

7. The Order-Dependent Luce Model [PDF]

First Draft: June 2014, Current Version: June, 2016. (a new version coming soon)

8. The Existence of Equilibrium in Discontinuous Games: Spatial Competition with Limited Policy Spaces [PDF]

First Draft: April 2015, Current Version: April, 2015.

Work in Progress

1. Regret, Salience, and Bounded Rationality in Games: The Imbalanced Quantal Response Equilibrium (joint with Matthew Kovach)

2. How Do People Trade Lucas Trees ? (joint with Kwok Ping Tsang)

3. The Testable Implications of Unique and Extremal Stable Matchings

4. Behavioral Foundations of Dual-Self Models

5. Testing Weak WARP (joint with Adam Dominiak, Peter Duersch, and Alec Smith)

6. General Belief Updating (joint with Adam Dominiak and Matthew Kovach)