Behavioural economics and the future of regulation: nudge not prescription?


  • 31/10/2013
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Speaker: Paul Ormerod, London and University of Durham, Volterra Partners LLP

Commentator: Chris Woolard, Director of Risk, Policy and Research, Financial Conduct Authority

Behavioural economics has been gaining ground beyond academia in recent years and now represents a significant theoretical influence on current regulatory policy-making. This lecture will explore what the “nudge” approach means in practice. Chris Woolard of the FCA will examine how it is likely to influence regulation in the years to come.

The Beesley Lectures are a series of eight annual lectures covering regulated industries in the UK. The lectures are held in memory of Professor Michael Beesley, who was a leading architect of the British  system of utility regulation and a Managing Trustee of the Institute of Economic Affairs. He founded the series in 1991 and organised them until his death in 1999.

Taking place every Thursday between 3rd October and 21st November this year, the events will begin with registration at 6.30pm at the Institute of Directors. Delegates are encouraged to network over refreshments until 7pm, when the lecture will commence. An industry-leading speaker will address the audience for one hour and a specialist will give a short response before handing over to the audience for further discussion. Each lecture will end at 8.45pm with refreshments.

For more information, click here.

In association with:The School of Social Sciences, City University London