Economic psychologists have determined that we find it impossible to put our losses into context. I should recognize that the value of my home fluctuates every hour by more than the value of the cell phone I put through the washing machine—but it will be the loss of the phone that upsets me, and it is the risk of that upset that the phone insurers will try to emphasize.
I find much of the academic business world a bit...nebulous, but I think economics is pretty cool.
4 comments:
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Are you looking for a GM Extended Warranty No other Protection Plan has the level of service or is as comprehensive as the Major Guard protection plan. The coverage of this plan has virtually every component on your car, truck or van covered in the event of a mechanical or electrical failure.
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quite interesting post as you have discussed this topic biosly as you have discussed both pros and cons
I guess extended warranty is a good idea for some but is another expense for others. It all depends on its coverage and the type of product you purchased. If the product is prone to damage, then I guess extended warranty is a must.
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