1) The document discusses an experiment in Peterborough, England that uses Social Impact Bonds to fund nonprofit organizations working to reduce recidivism among prisoners. 2) Social Impact Bonds are bonds issued by the British government that will pay investors back based on the success of the nonprofits in reducing recidivism rates compared to other prisons. 3) The experiment could revolutionize how governments fund social programs by only releasing funds when certain outcomes are achieved, and relying on private investors to fund experimental programs.