Gerelt Tserenjigmid 

I am an assistant professor of economics at UC Santa Cruz.  For the academic year 2023-24, I am visiting the University of Pennsylvania. 

I received my PhD in Economics from Caltech in 2016 and BA in Economics from the University of Tokyo in 2011. Before joining UCSC, I was an assistant professor of economics at Virginia Tech.  

Research Interests

Microeconomic Theory, Decision Theory, Revealed Preference Theory, Behavioral Economics, and Game Theory.

Email: gtserenj [at] ucsc [dot] edu 

CV

Google scholar profile

Published and Accepted Papers

1. Behavioral Foundations of Nested Stochastic Choice and Nested Logit (with Matthew Kovach) 

  Journal of Political Economy, 2022 [PDF]

  Finalist, 2023 Exeter Prize

2. Indifference, Indecisiveness, Experimentation and Stochastic Choice (with Efe A. Ok) 

  Theoretical Economics, 2022 [PDF]

3. The Focal Luce Model (with Matthew Kovach) 

  American Economic Journal: Microeconomics, 2022 [PDF] [online appendix]

4. Ambiguity under Growing Awareness (with Adam Dominiak)  

  Journal of Economic Theory, 2022 [PDF][online appendix]

5. The Order-Dependent Luce Model  

  Management Science, 2021 [PDF]

6. On the Characterization of Linear Habit Formation 

   Economic Theory, 2020 [PDF]

7. Choosing with the Worst in Mind: A Reference-Dependent Model 

   Journal of Economic Behavior and Organization, 2019 [PDF] [online appendix]

8. Belief Consistency and Invariant Risk Preferences (with Adam Dominiak) 

   Journal of Mathematical Economics, 2018 [PDF]

9. The Perception-Adjusted Luce Model (with Federico Echenique and Kota Saito)      

   Mathematical Social Sciences, 2018 [PDF]      

10. Theory of Decisions by Intra-Dimensional Comparisons 

     Journal of Economic Theory, 2015 [PDF]

Working Papers

1. Revealed Preferences For Dynamically Inconsistent Models (with Federico Echenique)

    First Draft: May 2023, Current Version: July 2023. New!! [PDF]   Revise and Resubmit at the Review of Economic Studies

2. Measuring Stochastic Rationality (with Efe A. Ok) 

     First Draft: June 2021, Current Version: Dec 2023. New!! [PDF]      Previously titled: Comparative Rationality of Random Choice Behaviors

3. Inertial Updating with General Information (with A. Dominiak and M. Kovach) 

     First Draft: June 2020, Current Version: Jan 2021. [PDF]     Previously titled: Minimum Distance Belief Updating with General Information

4. Inertial Updating (with A. Dominiak and M. Kovach)

   First Draft: July 2022, Current Version: Mar 2023. New!! [PDF] [slide]    This paper subsumes ``Ordered Surprises and Conditional Probability Systems" (with A. Dominiak and M. Kovach) [PDF]

5.  Price Heterogeneity as a Source of Heterogeneous Demand (with John Quah)

    First Draft: Jan 2022, Current Version: Jan 2022. [PDF][slide]

6. The Focal Quantal Response Equilibrium (with Matthew Kovach)

   First Draft: Feb 2018, Current Version: Mar 2023. New!! [PDF]   Previously titled: Regret and Bounded Rationality in Games: The Focal Quantal Response Equilibrium

7. History-Dependent Risk Aversion, the Reinforcement Effect, and Dynamic Monotonicity 

   First Draft: Oct 2015, Current Version: April 2021. [PDF]   An older version with additional results (axiomatic characterization, asset pricing application) [PDF]

Work in Progress

1. Afriat Efficiency for Random Utility Models (with Joerg Stoye)