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Currently undertaking a PhD in the field of behavioural economics focusing on the relationship between loss aversion and subjective well-being. My first chapter consists of a secondary data analysis performed on a large panel survey administered to an Australian sample to empirically test the existence (and degree) of loss aversion to income losses and gains relative to different reference points - such as permanent income. The second chapter focuses on a discrete choice experiment approach using an online survey developed in Qualtrics to observe individual preferences for changes in their income, health, and personal freedoms.