My personal risk assessment strategy is to do something like: if my chance of car accident is 1/450 per year, would I pay one car accident in order to get 450 years of driving? If yes, then I drive. I do this for nearly all my risk assessments and I'm wondering how common it is.
No, it's it's pretty fast and intuitive for me at this point. Usually shows up like, I'm considering taking a risk but I'm scared, I then make sure I'm comparing the possible downside to the iterated good side, not an individual instance, and this helps tremendously.