In 1955, Herbert Simon introduced the notion of satisficing: an agent satisfices by searching for alternative that meets aspiration level but does not optimize. We survey more than 60 years advances in understanding satisficing economics, psychology, and management, identifying two research traditions address classes situations: under risk, is typically inferior to optimization strategies model...

Management research has begun to explore how cultural entrepreneurs use established or declining societal traditions create distinctive new ventures and products. In this study, we propose an alternative pathway for creating entrepreneurial opportunities, that is, through leveraging extinct traditions. Extinct yield opportunities highly products ventures, yet their entails substantial challenge...

We propose an economic and cultural explanation for the decline of human fertility during the demographic transition. We show that some transformations in the economic and/or cultural structure of a society can imply a fertility transition, that is to say a transition from a traditional high births rate regime to a modern low births rate regime. Furthermore the cultural structure of the populat...