The OECD holds a roundtable on competition and behavioural economics

Executive summary, by the Secretariat The summary of the Hearing is based mainly on the submissions, presentations and interventions of three expert panellists: Xavier Gabaix (New York University), Steffen Huck (University College London), and Maurice Stucke (the University of Tennessee). While the summary also reflects the general discussion that took place during the Hearing, it does not necessarily represent the consensus views of the Competition Committee. 1. Differences between neoclassical economic theory and behavioural economics Over the past 30 years, behavioural economics has been empirically testing neoclassical economic theory’s assumptions of perfectly rational market participants who pursue their economic self-interest with perfect willpower. This testing has led to

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  • OECD - Competition Division

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OECD, The OECD holds a roundtable on competition and behavioural economics, 13 June 2013, e-Competitions Bulletin June 2013, Art. N° 85602

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