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For a systematic survey and classification of preference handling mechanisms in NML the interested reader is referred to Delgrande et al. (2004).
Section 3 introduces the proposed classification of preference types based on the rate an agent is willing to trade between own monetary payoff and the monetary payoff of another.
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Although the constructs are interrelated and interdependent, the objective of the new classification of preferences, outcomes, experiences, and satisfaction was to distinguish between the different concepts rather than illustrate all possible associations.
In some probit specifications of the determinants of smoking, a categorical time preference variable is included, and in other models, an alternative binary classification of time preference for young adults and mothers where longer planning horizon is restricted to those who claim they plan their finances more than 2 years in advance is estimated.
However, when we performed the analysis with various classifications, we couldn't find significant association between other classification of diet preference and cancer risk.
The current paper adds to this literature by proposing (i) a simple classification of distributional preference types that nests almost all major classifications of archetypes discussed in the economic and the social psychology literature; and (ii) a simple identification procedure based on the classification.
As mentioned earlier, the four basic assumptions introduced in Section 2 not only naturally result in a classification of distributional preference types that nests all major behavioral types discussed in the literature, but also give rise to a clean identification procedure (a "test") that does not rely on unnecessary structural assumptions.
Fifth, there is a weak scientific evidence for the classification of dietary preferences as (1) meat, (2) vegetable or mixture of vegetables and meat.
15 This section introduces a simple graphical classification of distributional preferences based on the four assumptions introduced in the previous section.
Mechanical design by the proposed methodology is based on preference classification of the robot specification described by interaction of the robot with its environment and the physical parameters of the robot mechatronics.
While it would be feasible, in principle, to generalize Assumption 3 (and the test relying on it) so as to allow for heterogeneous reference points, this would seriously impair simplicity and transparency: Ultimately the aim of the paper is to propose a classification of subjects in distributional preference types that is helpful in organizing experimental data.
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