Although meaning is at the core of human cognition, state-of-the-art distributional semantic models (DSMs) are often agnostic to the findings in the area of semantic cognition. In this work, we present a novel type of DSMs motivated by the dual-processing cognitive perspective that is triggered by lexico-semantic activations in the short-term human memory. The proposed model is shown to perform better than state-of-the-art models for computing semantic similarity between words. The fusion of different types of DSMs is also investigated achieving results that are comparable or better than the state-of-the-art. The used corpora along with a set of tools, as well as large repositories of vectorial word representations are made publicly available for four languages (English, German, Italian, and Greek).