Hmm the psychology or lingerie.... Probably should be re worded, the pyschology of feeling or looking sexy. I do not think it just applies to the underwear. I mean, the boyfriend shirt is an example. Then there are heels or thigh high boots, little skirts or long floaty slips or dresses. hair up in a tight bun or flowing over the shoulders....
And sexiness is subjective and can be a mixture of different things. Example: I like stockings, hold ups, long socks and ankle socks. Which ones I wear on any given day depend on my mood and what "kind" of sexy I might feel that day. (I think the appeal of long socks is similar to the appeal of stockings, drawing the eye up the leg to the thigh area, the sensory experience of running your hands up those socks until you are touching flesh...)
I love over the knee socks. Initially when I bought my first few pairs it was functional. I just wanted some nice warm winter socks. Now I think they can be pretty sexy. In my view there are different moods of sexy. Sometimes I feel uber sexy in long socks, girly boxers and the boyfriend shirt with my hair tied back in a plait or just left loose. The appeal is the girl next door, cutesy kind of sexiness. Then sometimes I want to feel like a vixen, or all domly and would go for black, PVC/latex, High heels, stockings or hold ups, hair tied back in a bun etc. Other times I want to feel feminine and beautiful rather than just "sexy" I want to put on my nice perfume and my most expensive classy lingerie, sometimes we might like to roleplay and then opting for white, and ankle socks and the whole "innocent" look. ...its all about the frame of mind and what "kind" of sexy you feel.
Lingerie and sexy clothing is of course designed to make a person "feel" sexy and to attract the opposite sex by highlighting areas of the body that the opposite sex are generally attracted to. (Push up bras to make the breasts look larger, corsets to cinch in the waist and give that hourglass shape, stockings, socks and tights to lenghthen the legs, heels to make you look taller, and so many differnt kinds of pants to make your bum look amazing. It is also to give off an "impression" (Whore, innocent, sweet, cute, sexy, naughty)
I admit there is a lot more for women than men, but that is slowly changing and more and more options in the lingerie or sexy underwear department are being released and designed for men. However men are very visual and women not so much. I have noticed a trend and that is that women are not really as drawn to a man in "sexy" lingerie. For the most part it seems women love a nice pair of boxers or briefs and they have preferences but actually going all the way with thongs and anything more frilly or fancy doesnt really appeal to the majority of women in the same way that a woman dressed up would do for a man. I have noticed that men who enjy wearing sexy lingerie tend to do it for their own pleasure and not for their partners.
I think what it all boils down to at the end of the day is pretty packaging. Its pretty simplistic in that way. Women feel sexier and more horny when their mind is switched on, and getting dressed up in something sexy, something that boosts our boobs and cinches our waist or makes us feel innocent or vixen like or downright naughty switches on our brain. For men, who are more visual, its pretty packaging on something they already find sexy. The sight of those breasts all pert and surrounded in frills, the curve of her ass in those pants, the sight of the flesh at the top of her thighs in contrast against the colour and feel of the nylon. For some guys its the tease of getting glimpses of their partners best bits all presented to perfection.
Well I guess thats my theory