Yes, and I certainly agree in cash games - but if we are not even in the money in a tourney, it seems much too risky to stack off with such a narrow margin.

ESPECIALLY if I have reason to believe that applying my skills will lead to better opportunities later.

But perhaps more to the point, in situations where we can assess that we have a 60% advantage when we are risking our entire stack - in those situations, we can't even be 50% correct that we have a 60% advantage!

If we think we have a 60% advantage, we'll only be right less than 50% of the time, meaning that 60% advantage is substantially less )ie just a flip).

UNLESS you mean that we think we have a 75% advantage, and there we can be right only 50% to 60% of the time (making the real advantage more like 60%) , okay, yea, there I agree...

There's a camp of tournament players, some of the best in the world, who seem to think that you shouldn't pass up any type of edge in a tournament, however small that may be. Correct me if I'm wrong but they will take any and all +EV spots to accumulate chips using Fold Equity and Fear equity to create new and better opportunities on the way.

So folding to look for a better spot is effective but looking for reasons to put your chips in rather than looking for reasons to fold is one of the primary traits that separates the best and worst.

The Risk Aversion you are talking about comes from the edge you have postflop. If you pass up on these you lose that edge. Also if you are not sure you are that much better then everyone at the table you can simply ignore this concept. This is something some pros do when some kid is overshoving 30BB lose and they have 99 or something with a slight edge for 47% potodds cuzz they just arrived from a 5 hour flight.

+1 and

Stop reading outdated poker books by people who can't beat the modern game