Do you prepare for a plane crash in your neighborhood? A Mumbai situation? A truck driving through your house? An escaped elephant from the zoo? How about being in the middle of the North Hollywood Shootout?
Bottom Line: If you don't go about your life looking like a Marine in Baghdad then you're making your decisions based on severity and odds, MOSTLY odds because the most severe scenarios are essentially ignored.
Still happily answering to the call-sign Peetza.
The problem, as you so eloquently put it, is choice.
He is no fool who gives what he can not keep to gain what he can not lose.
-Jim Eliott, paraphrasing Philip Henry.