The Intelligence from The Economist Drilling into the numbers: ExxonMobil
Jan 19, 2022
Join Vijay Vaithi Swaran, Global Energy and Climate Innovation Editor, and Sumaya Keynes, Britain's Economics Editor, as they dissect ExxonMobil's surprising shift towards net-zero emissions by 2050. They scrutinize motives behind these pledges, raising concerns of greenwashing. The conversation dives into the nuances of tipping culture, revealing its impact on behavior and economics. They also touch on the unique challenges elite athletes face regarding vaccination, spotlighting how their choices can sway public health and perceptions.
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The Economics of Tipping
- Tipping is an odd economic practice because customers voluntarily give extra money after a service.
- Even if no tip is given, the service remains unaffected.
Factors Influencing Tipping
- Gratitude and social norms heavily influence tipping behavior, shown by increased tips during the pandemic.
- Factors like weather, gender, and cultural context also affect tip amounts.
Cultural Differences in Tipping
- Tipping practices vary widely across countries, with American tips around 20% while Japan considers it rude.
- A stronger tipping culture correlates with higher tolerance for inequality and masculine values.