The Perverse Incentive Structure of Cost Plus Contracts

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The way contracting used to be done a hundred years ago because it's changed a lot I think mostly because of World War II where the government just needed to pour money on companies. The problem is with a cost plus contract when you get paid for your time materials and a fixed percentage of profit on top what it really means is you make more money in some cases by failing than by succeeding.

In this episode, Peter and Palmer discuss Apple’s Vision Pro, How it will change the future of VR headsets, and Facebook’s response to Apple.

08:32 | The Power of Virtual Reality
32:44 | Innovative User Interfacing
35:26 | Is Facebook's Push On VR Premature?

Palmer Luckey is a visionary entrepreneur and inventor known for his groundbreaking contributions to the virtual reality industry. As the founder of Oculus VR, Luckey revolutionized the way we experience immersive digital worlds with the development of the Oculus Rift, a pioneering virtual reality headset. With a passion for pushing technological boundaries, Luckey's innovative spirit continues to shape the future of virtual reality and its applications across various industries.

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