Warranties and risk aversion

18th October, 2003

Dear Economist,

My wife and I can never agree about buying extended warranties. She says they’re a waste of money, I say better safe than sorry. Isn’t it just a matter of opinion?

— R.A., Taunton

Dear R.A.,

Needless to say, your wife is quite right…

Continued on the FT website – subscription required.

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