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A Menu Without Currency Signs: The Psychology That Raises Average Spend

A CIA restaurant experiment: removing currency symbols raised the average check. How price presentation affects buying behavior and what entrepreneurs can learn.

Upgrowplan teamJanuary 31, 2025

🍽️ A Menu Without Prices — or Rather, Without Currency. Clever or a Mistake?

Hello! Anyone here from the restaurant business?

A restaurant at St. Andrew's Café at the Culinary Institute of America in New York ran an experiment: they removed currency symbols from the menu — and the average check went up. 🙄

Why did it work? The psychology of perception, money signals, and how our brains make decisions.

What they did and what they achieved: • Removed or hid currency symbols • Made prices less prominent (embedded in descriptions rather than next to dish names) • Added expensive "anchors" — so that moderately priced dishes looked like better value

Test results: • People spent less when the menu contained "$" or the word "dollar" next to the price • Menu format affects average spend — without explicit money signals, people choose pricier items • The compromise effect: mid-range options win when the menu includes extreme high and low anchors

How to apply this: • Test a menu without currency symbols in a print or digital version • Remove or minimize the currency symbol • Visually emphasize the dish story or section — not the price • Add a premium "anchor" that makes adjacent items seem more reasonable • Measure: average check, share of premium orders, customer reaction

The takeaway: A menu is not just a list of dishes. It's a tool that shapes perception. By playing with formats, visuals, and "price signals," you can influence what people order — often without them even noticing.

I've personally never seen a menu without prices, but menus without currency symbols? Often. Drop a comment if you've encountered one!

#businessinsights