Interesting to see this incorrect line of reasoning about risk laid out so explicitly.
If you're around people who do extreme sports with serous risk, you'll know many people who have this attitude and you'll also know many people who incurred life-altering injuries or died because of this attitude.
A friend of mine who's reasonable and has a higher risk tolerance than me used to paddle with a group of whitewater kayakers who were doing the hardest stuff. 4 out of 7 of them died. She says