Tag Archives: Behavioural Economics

Unintended and Perverse Outcomes

A colleague from the Australian Department of Defence (thanks Hayley!) recently sent me a link to an article from the Canberra Times about “Losing our way: How the cult of the KPI has damaged our moral compass”.  This article is partly … Continue reading

Posted in Behavioural Economics, Case Study, Incentives, Outcome | Tagged , , , , , , , , , | Leave a comment

Understanding Behavioural Economics

In a previous post I had suggested those interested in Behavioural Economics should have a look at a free online course via http://www.edx.org titled Behavioural Economics in Action from the University of Toronto. While you can do this course at any … Continue reading

Posted in Behavioural Economics, Behaviours, Nudging, the Why | Tagged , , , , | Leave a comment

Carrot and Stick (Part 1)

I am currently reading Richard Thaler’s new book, “Misbehaving – The making of Behavioural Economics” which has again brought up an interesting and long running debate on the application of positive incentives (gains or “carrots”) or negative incentives (losses or … Continue reading

Posted in Behavioural Economics, Behaviours, the Why | Tagged , , , , , , , , , | 1 Comment

History of Behavioural Economics

For those you have read my thoughts on the use of Behavioural Economics as a method of optimising our approach to Performance Based Contracting (PBC) (see earlier posts on Is Your Contract Fun? and Designing Successful PBCs) I wanted to … Continue reading

Posted in Behavioural Economics, Nudging | Tagged , , , , , , , | Leave a comment

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 the book Nudge: Improving Decisions About Health, … Continue reading

Posted in Behaviours, Nudging | Tagged , , , , , , , , | Leave a comment

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

Understanding Behavioural Economics

Previously, I mentioned using Behavioural Economics as one technique to make sure that the Performance Management Framework (PMF) drives the desired behaviours. For those of you who want more information on this fascinating topic, can I suggest a free online … Continue reading

Posted in the Why | Tagged , , , , | 1 Comment