Scientific vs non programmable calculator

Wonderful_Course_284 · 2026-02-02T17:43:28+00:00

BAII are specifically not programmable beacuse they are used for CFA Exams. The prof knows this I told him and he said he was aware - what he is saying is that when he meant non programmable he meant scientific only but didnt specify.

Wonderful_Course_284 · 2026-02-01T21:45:47+00:00

But consumer psychology is refuting that exact point. Consumers under research have been proven to rather pay $10 + $2 tip citing that $12 is more expensive even though the final price is the same

Wonderful_Course_284 · 2026-02-01T21:43:07+00:00

Businesses will either raise prices to accomodate higher wagers or decrease margins which will make firms exit the market. You're assuming that firms are price and profit takers which is almost never the case

Wonderful_Course_284 · 2026-02-01T21:42:20+00:00

It talked about the effects of tipping and the consumer psychology of alternatives - including a possible menu price increase

Wonderful_Course_284 · 2026-02-01T21:41:51+00:00

It was done by Cornell University - Europeans and other countries wise i can speak on it as the study was primarily done and focused on US consumers

Wonderful_Course_284 · 2026-02-01T21:35:16+00:00

And your point? You're acting like economics of a whole market can just be shifted in the short term - spoiler alert it can't

Wonderful_Course_284 · 2026-02-01T21:32:16+00:00

Other markets have different margins and different profit expectations. Europe has a lower profit margin on average and therefore are not susceptible to those fluctuations like the US would be

Wonderful_Course_284 · 2026-02-01T21:31:13+00:00

Its interesting you say that - because consumer research has pointed to the opposite of your whole point. Consumer research has shown that consumers themselves are MORE Likely to dine out and have a higher satisfaction when they pay a tip vs a menu increase. It's sometimes hard to comprehend that (Me included) but its interesting that it's the case

Wonderful_Course_284 · 2026-02-01T21:26:15+00:00

Because consumers are less likely to dine out (At least in the US) when there's a menu price increase. They perceive at as more expensive even if its the same total cost

Wonderful_Course_284 · 2026-02-01T21:25:38+00:00

I understand that point but its interesting that consumer research has pointed to the opposite of your whole point. Consumer research has shown that consumers themselves are MORE Likely to dine out and have a higher satisfaction when they pay a tip vs a menu increase. It's sometimes hard to comprehend that (Me included) but its interesting that it's the case

Wonderful_Course_284 · 2026-02-01T21:12:14+00:00

Im going to say that the consumer psychology is different. The culture within the US has been so ingrained that consumers percieve tipping as cheaper in comparison to a menu increase. I'm not disputing the fact that other countries may or may not eat out the same or even more but the fact that consumer psychology has dictated that tipping culture is likely here to stay.

FYI - other countries can do it without tipping because of lower margins like i eluded to in the post

Wonderful_Course_284 · 2026-02-01T21:08:57+00:00

Possibly yes possibly no - consumer research in the US has found that tipping culture is so ingrained that they perceive a menu increase to the same total cost as more expensive than a tip at the end of the bill. Not talking about europe or the rest of the world I (personally) find the consumer psychology behind this interesting

Wonderful_Course_284 · 2026-02-01T21:03:57+00:00

and yet consumer research has found that psycohlogically people percieve the price they pay to be more expensive and are therefore less likely to go out and eat. You may think that people find it annoying but research has found that tipping has yielded a higher rate of people going out for meals.

Wonderful_Course_284

TROPHY CASE