About
- Andrew Richardson
- Software engineer, business owner, husband, runner and member of my pack of four-legged girls.
Blog Archive
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- NFL Pro Bowl: Ugh
- How Spectrum Sharing Would Work
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- Making the Love Happen On Pandora
- Lenovo Refreshes Its ThinkPad T, W, L and X Lines
- The $144,146,165 Button
- Why Nikola Tesla Was the Greatest Geek Who Ever Li...
- What Eduardo Saverin Owes America
- Keep Calm and Carry On
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- Microsoft's DVD-less Windows 8 Explained
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May 14, 2012
The $144,146,165 Button
”In 2007, NYC forced cab drivers to begin taking credit cards, which involved installing a touch screen system for payment.
During payment, the user is presented with three default buttons for tipping: 20%, 25%, and 30%. When cabs were cash only, the average tip was roughly 10%. After the introduction of this system, the tip percentage jumped to 22%.
Those three buttons resulted in $144,146,165 of additional tips. Per year. Those are some very valuable buttons.“
(Via DF.)