Third-generation prospect theory

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An Endowment Effect for Risk: Experimental Tests of Stochastic Reference Points (2015, background): “Schmidt, Starmer, and Sugden ð2008Þ discuss a next generation of prospect-theoretic preferences, third-generation prospect theory ðor PT3Þ, which combines the basic structure of the KR stochastic referent with cumulative prospect theory probability distortions.”
Social influences on risk attitudes: Applications in economics (2012, background): “…of descriptive models with social reference points will therefore have to draw upon psychological insights about the aggregation of multiple references points (e.g. Kahnemann and Miller 1986) and theoretical work in economics on stochastic reference points (Sugden 2003, Schmidt et al. 2008).”
Preference reversals: Time and again (2016, background): “An alternative explanation for the overpricing of $-bets is reference dependence (Sugden 2003; Schmidt et al. 2008; Lindsay 2013).”