Why Do We Become More Conservative As We Age?

Whenever we buy something expensive, we treat it with care, making sure not to scratch it or lose it. But after we use it for several years, we become more care-free. We reason that even if we break it or lose it, we already got our money’s worth. So, it’s no big deal. But why do we do the opposite with our own lives? If we applied the same logic, we should be acting more conservatively when we are young, and take more risks as we grow older. Even if we die, we could at least say to ourselves that we lived a good amount. Ironically, we treat our own children like we treat our expensive products. It’s a double standard of some sort.