Risk/reward T. I’ll put it like this.
Say there’s a ping pong air machine with 99 white balls and one red. The game master comes to me and says ten thousand buys you chance at the hundred million dollar red ball. I’m jumping on that all day. My risk ten grand. Same game master tells me if I get a white ball a bunch of hungry lions are released with me in the room. I’m not getting into that risk/reward a hundred million or being torn apart.
Besides not believing in 500 year odds. The risk of losing everything instead of losing a few hundred. I went with the low cost no risk. That’s the only way I can explain it. On the other hand I never ever buy extended warranty because the reward/risk don’t matter much, I’m very likely to win the risk vs the cost of rewards.