The Hunt effect is an increase in saturation due to increment in the level of luminance. This paper discusses whether the color matching function spectral sensitivities impact the Hunt effect based on the color constancy model called Maximum Color Separation (MCS).
Nobuhito Matsushiro, Noboru Ohta, "Consideration on Hunt Effect Based on Maximum Color Separation Model" in Proc. IS&T CGIV 2004 Second European Conf. on Colour in Graphics, Imaging, and Vision, 2004, pp 83 - 85, https://doi.org/10.2352/CGIV.2004.2.1.art00018