When you put all that together (hence why it's in a spoiler since it boils down to a sentence) what you get is this: it's rational to be afraid of some bad event depending on how likely it is and the size of its badness.
The problem with this as a general statement is that various bad things all have different values for one person and there are a whole bunch of different people out there (does that make this an example of discrete choice modelling??? anyone know?). Similarly, people all have different views of risk and, frankly, I'm not sure people have the same risk profiles in all cases.
So if you stuck a gun to my head and forced me to choose a number... if it's a risk of less than 0.5% (aka 1 in 200 or 199 more likely to not happen) that bad thing is likely paranoia if you're worried about it. What say you? For instance, I am completely unconcerned about anyone sticking a gun to my head (whether to make me state a single number or for some other reason). If popular demand wishes I can try a vague poll.