The difference is that almost getting killed by a car happens only a few times per month, but having pedestrians step into the bike lane right in front of you without looking happens multiple times per day.

I have not dug into the data, but for whatever it's worth, cyclists completely ignore the Red Bicycle lights here in midtown. These are red lights that are even shaped like a bicycle, and when pedestrians are crossing in the other direction the bikes keep going.

You do have to weigh the severity of death against the frequency of lesser injuries. Hippos are more likely to kill me than mice, but I'm much more worried about the mouse problem in my building than I am about hippos.