-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by … aversion. We discuss the insights regarding the nature of attention and its role in economic theory. …

This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …

This paper examines the impact of psychological needs on luxury consumption. Veblen's Theory of the Leisure Class (1899 …