Earning an undergraduate degree in mathematical economics taught me about the high probability of low-probability events. We don’t plan for low-probability events because, by definition, any one of them is unlikely to occur. Who plans on a flat tire, or accident, or stalled traffic because of an overturned semi on their way to work? And yet the odds of at least one of these events occurring are high. We are all victimized, more frequently than we like, by traffic jams and flat tires and accidents. This belief triggers unrealistic expectations.
