Color theory is like a fractal. The closer you get the more detail there is. The Color Correction Handbook: Professional Techniques for Video and Cinema by Alexis Van Hurkman is a great book if you really want to geek out or are considering working in DI. Two particular topics come to mind. One is memory colors which describe the ideal colors people within a cultural group tend to think of when remembering common elements such as grass (greener) or brick (redder). The other is cultural preferences regarding saturation. Seems UK audiences like things a bit less saturated which I now understand is why all my British photography magazines "look washed out". In a the 90's there was a craze for bleach bypass and other alternative film processes. I'm pretty sure the 3 Kings dvd says not to adjust your tv.
Colours here really are washed out. A long time ago I was in Australia. My then gf bought a bedspread by an artist called Ken Done - lots of bright primary colours.
It looked great in Sydney.
In UK light - even in sunlight - most of the colour punch disappeared. It actually looked kind of grey and old. Disappointment...
So if supersaturate movie colours, they look surreal here.
But California really is teal and orange. The light is warm and intense, and LA gets a lot of clear blue sky. So I wonder if directors like TnO because it's a variation on natural Hollywood light.