this post was submitted on 11 Jul 2023
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Buy it for life: Durable, Quality, Practical
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For practical, durable and quality made products that are made to last.
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Economist George Akerlof explains the role of warranties in establishing customer confidence in his paper The Market for Lemons.
Keep in mind “lifetime warranty” often ends up being “lifetime of the company”, not yours. The Lindy Effect is relevant here.