People do not really understand the value of the former. Even dealing with financial options (buy/sell and underlying) which are a pure form of it, people either do not understand the value, or do so in a very abstract way they do not intuit.
Good point. And, since you brought up financials, you also see this when people use a majority of their savings to lump sum pay off a mortgage. They take an overweighted view of saving on interest and, IMO, underweight the flexibility of liquidity.
