The implications of information processing efficiency on decision making
type: CreativeWork
description: This thesis investigates the implications of information processing efficiency on decision making with respect to the ability of decision makers to process information in a rational and timely manner. In order to examine the different aspects of information efficiency with respect to decision making, three different settings were used. First, attitudes and perceptions held by individual decision makers play an important role in the information processing stage of a decision. Therefore, the first thrust of this thesis seeks to investigate the impact of demographic characteristics of decision makers (socially responsible investors (SRIs)) on their attitudes and perceptions (in relation to their corporate social responsibility (CSR) views). The results show that demographic characteristics are useful predictors of CSR views held by SRIs. This implies that companies can reduce their cost of capital by attracting the affluent members of SRIs community and increase their CSR rankings by creating diversity in their corporate boardrooms. These efforts, if undertaken by companies, can help increase share price of the respective companies. Government agencies can also encourage companies to implement CSR agendas by requiring companies to implement CSR agendas which will appeal to the specific members in the SRIs community (clientele effect). Second, the ability of decision makers to process information in a rational manner can be seriously undermined when decision makers are expected to match the different motivations underlying their own or others? objectives with the multiple choices which are available to them. In the second thrust of the thesis, a state contingent (UK horseracing pari-mutuel betting market) with multi-competitor choices is used to illustrate the discovery of the determinants of demand (day-of-the-week, weekend, public holiday, number of races in the same hour, field size, televised races, flat and jump races, race quality, timing of the race during the da…
abstract: This thesis investigates the implications of information processing efficiency on decision making with respect to the ability of decision makers to process information in a rational and timely manner. In order to examine the different aspects of information efficiency with respect to decision making, three different settings were used. First, attitudes and perceptions held by individual decision makers play an important role in the information processing stage of a decision. Therefore, the first thrust of this thesis seeks to investigate the impact of demographic characteristics of decision makers (socially responsible investors (SRIs)) on their attitudes and perceptions (in relation to their corporate social responsibility (CSR) views). The results show that demographic characteristics are useful predictors of CSR views held by SRIs. This implies that companies can reduce their cost of capital by attracting the affluent members of SRIs community and increase their CSR rankings by creating diversity in their corporate boardrooms. These efforts, if undertaken by companies, can help increase share price of the respective companies. Government agencies can also encourage companies to implement CSR agendas by requiring companies to implement CSR agendas which will appeal to the specific members in the SRIs community (clientele effect). Second, the ability of decision makers to process information in a rational manner can be seriously undermined when decision makers are expected to match the different motivations underlying their own or others? objectives with the multiple choices which are available to them. In the second thrust of the thesis, a state contingent (UK horseracing pari-mutuel betting market) with multi-competitor choices is used to illustrate the discovery of the determinants of demand (day-of-the-week, weekend, public holiday, number of races in the same hour, field size, televised races, flat and jump races, race quality, timing of the race during the da…
author: Cheah, Eng-Tuck
date published: 2011-04
date modified: 2026-07-24T04:36:25Z
provider: University of Southampton
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Southampton