I do value my own life. But I also value the lives of my children (and, by extension, their descendants).
So the calculation I look at is that I have $X, which I can spend either to obtain a particular chance of extending/improving my own life OR I can spend it to obtain a improvements in the lives of my children (by spending it on their education, passing it to them in my will, etc).
For me, there’s another factor: I have children.
I do value my own life. But I also value the lives of my children (and, by extension, their descendants).
So the calculation I look at is that I have $X, which I can spend either to obtain a particular chance of extending/improving my own life OR I can spend it to obtain a improvements in the lives of my children (by spending it on their education, passing it to them in my will, etc).
Excellent point. This isn’t a consideration for me right now, but I expect there will be in the future.