I always buy the extended warranty even though I know it is usually a bad deal because the thought of something breaking and having to pay keeps me awake at night.
More people experience this than they realize.
Disproportionate fear of low-probability high-impact events can justify systematically negative expected value purchases as emotional insurance.
“Where Are You with Behavioral economics — biases in financial decisions?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.