They will die of old age long before the chance of abduction gets anywhere close to 0.1 much less 1.
To be conservative, assume that 1% of US children are allowed to go unsupervised walks (~750k children) and that there is 0% chance of abduction by a stranger without allowing unsupervised walks. Each year about 350 children are abducted by strangers[1]. Under those assumptions, there is a 0.04% chance of abduction each year. That would be less than 1% lifetime chance assuming that they do this for all 18 years of their childhood. Even less if you make more realistic assumptions (I certainly hope that more than 1% of 17 year olds are allowed to go on walks and that parents are waiting until after their children can walk before letting them go on walks by themselves).
[1] https://www.reuters.com/article/us-wisconsin-missinggirl-dat...
(I know what "conservative estimate" means, I'm just playing devil's advocate.)
Not just low, very low, for the lifetime probability to be low enough for it to be that number.
Somehow, I doubt the statistics of this so much that my first reaction is to chuckle.
I edited my original comment to clarify this.
This can be interpreted to mean that the ensemble probability of an abduction -- the expected number of abductions from a single walk around the neighbourhood -- is low.
However, the practise of letting your children walk results in many walks over time, and it takes just one abduction to make the situation really bad. In other words, over time, the probability of an abduction will (albeit slowly) go towards 1.
Have you made any attempt at calculating this "lifetime probability" of abduction, instead of looking just at the probabilities of one-off walks?
Not lecturing; genuinely curious because I will soon have to make this decision for my oldest and I want to base it on data, but with a representative model.
(My instinct is, of course, to raise my children the way I was raised and that aligns with my feelings on the subject, i.e. "Let them have walks!" but I'm looking for a nuanced perspective on both sides before submitting to my biases.)