Emotions were central to the development of economics, especially in utility theory in classical economics. While … neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility … theory. Beyond utility theory, economic theorists use emotions to explain behaviour which otherwise could not be understood …

the first time to study ranking approach for transformations on the discrete framework. By using the expected utility … theory, the authors first present a sufficient condition for general transformations by first degree SD (FSD), and further …