Monthly Archives: February 2015

Nudging Performance

For those that found my previous post that compared PBCs with the notion of nudging interesting I would highly recommend you read this insightful question and answer (Q&A) session with Richard Thaler, co-author of┬áthe book Nudge: Improving Decisions About Health, … Continue reading

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Is Your Contract Fun?

Katherine Milkman, an associate professor at Wharton, University of Pennsylvania, starts her behavioural economics class with the following video. . Having watched this you may be wondering what this has to do with PBC? Let me explain. If you agree … Continue reading

Posted in Behaviours, Definition, the Why | Tagged , , , , , , , , , , | 2 Comments

Defining a Performance Based Contract (PBC)

Over the past 12 months articles[1] have discussed the virtues of Performance Based Contracting (PBC), but may have led the reader to believe that PBCs are neither well understood nor used. This is not entirely true since forms of PBCs … Continue reading

Posted in Definition, the What, Uncategorized | Tagged , , , , , | 5 Comments