Scientific Definition
Lowest-bid procurement produces lowest-quality outcomes.
Plain-English Definition
Lowest-bid procurement produces lowest-quality outcomes.
Feynman Explanation
We saved a fortune. The bridge fell down.
Core Principle
Lowest-bid procurement produces lowest-quality outcomes.
Mechanisms
Pending editorial review.
Lowest-bid procurement produces lowest-quality outcomes.
Pending editorial review.
Pending editorial review.
Cost-only optimization across any procurement process.
Pending editorial review.
Pending editorial review.
Inputs (Triggers)
Pending editorial review.
Outputs (Behaviors)
Pending editorial review.
Behavioral Signature
We saved a fortune. The bridge fell down.
Examples
- Government contracting failures.
- Cost-only optimization across any procurement process.
Pending editorial review.
Famous Experiments
Pending editorial review.
Design Principles
- Total-cost-of-ownership procurement frameworks.
Measurement Approaches
Pending editorial review.
Evidence
Pending editorial review.
Pending editorial review.
The Perverse Incentive Lens™
How this behavior is exploited — and how to redesign around it.
- Total-cost-of-ownership procurement frameworks.
Pending editorial review.
Pending editorial review.
Interactive Mini Network
Click any neighbor to re-center the graph and follow the threads of connection.
Knowledge Graph Neighbors
Auto-linked to the rest of the Human Behavior Taxonomy by family, domain, dimension, and shared keywords.
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