Economist Podcasts Drilling into the numbers: ExxonMobil
Jan 19, 2022
Vijay Vaithi Swaran, Global energy and climate innovation editor at The Economist, and Sumaya Keynes, Britain economics editor at The Economist, dive into ExxonMobil's surprising pivot to net-zero targets. They dissect the implications of this shift, including shareholder pressures and contrasting strategies with European firms. The discussion also navigates the peculiarities of tipping—examining psychological and economic factors, alongside unique insights into the vaccination trends among elite athletes, including the notable case of Novak Djokovic.
AI Snips
Chapters
Transcript
Episode notes
The Economics of Tipping
- Tipping, a voluntary payment after service, is an odd economic practice.
- Consumers defy cost-minimizing logic by tipping even when it won't affect past service.
Factors Affecting Tips
- Tipping is influenced by factors beyond service quality, such as weather and gender.
- A study found female Uber drivers received higher tips than males, except for those over 65.
Cultural Differences in Tipping
- Tipping cultures vary greatly across countries, with high-tipping societies correlating with tolerance for inequality.
- Japan views tipping as rude, while America relies heavily on it.