Posts Tagged ‘default selection’

  • NYC Taxicabs, Tips and Credit Cards

    Taxi Tips

    Dec 8, 12 • 175 Views • Behavioral Economics, Demand, Supply, and Markets, Economic History, Households, Labor, Macroeconomic Measurement, Regulation, Thinking Economically, UncategorizedNo Comments

    Assume you are in a NYC taxi cab. The fare is $12.00. How much of a tip do you leave? a. $1 b. $2 c. $3 d. $4   Actually, it all depends on whether you use cash or credit. People who pay in cash tend to leave a 10% tip. Those who use a [&hellip...