{"id":11943,"date":"2015-01-06T09:00:30","date_gmt":"2015-01-06T14:00:30","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=11943"},"modified":"2015-01-05T22:29:37","modified_gmt":"2015-01-06T03:29:37","slug":"the-economics-of-taxi-tipping","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2015\/the-economics-of-taxi-tipping\/","title":{"rendered":"The Economics Of Taxi Tipping"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/01\/010615_0326_TheEconomic1.jpg\" alt=\"\" width=\"641\" height=\"405\" \/><\/p>\n<p>Eric Chemi and Ariana Giorgi analyzed some statistics about credit card tipping for taxi drivers in New York City:<\/p>\n<ul>\n<li>By default passengers are presented with buttons with the option to tip 20%, 25%, 30% or other.<\/li>\n<li>Unsurprisingly 20%, 25%, and 30% are among the most popular tipping amounts, with 20% being the most common.<\/li>\n<li>The seventh most common tipping amount is 0%. Credit cards make it easier for passengers to tip nothing and then dash without awkward conversation.<\/li>\n<li>The overall average tip is 19% but this increases to 20% during rush hour, in part because of travelers using corporate credit cards.<\/li>\n<li>In the early am hours the average tip drops to 18% suggesting that alcohol and generous tipping don&#8217;t mix.<\/li>\n<\/ul>\n<p>See excellent charts, and read more details about the numbers <a href=\"http:\/\/www.businessweek.com\/articles\/2014-07-31\/heres-how-much-you-should-be-tipping-your-cab-driver\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.businessweek.com\/articles\/2014-07-31\/heres-how-much-you-should-be-tipping-your-cab-driver\">Bloomberg<\/a><\/p>\n<p>Via: <a href=\"http:\/\/iquantny.tumblr.com\/post\/107245431809\/how-software-in-half-of-nyc-cabs-generates-5-2\">I Quant NY<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eric Chemi and Ariana Giorgi analyzed some statistics about credit card tipping for taxi drivers in New York City: By default passengers are presented with buttons with the option to tip 20%, 25%, 30% or other. Unsurprisingly 20%, 25%, and 30% are among the most popular tipping amounts, with 20% being the most common. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2015\/01\/010615_0326_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=11943"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11943\/revisions"}],"predecessor-version":[{"id":11946,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11943\/revisions\/11946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/11942"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=11943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=11943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=11943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}