Probabilities and possibilites

Couple of days back, we had a super time discussing the Monty Hall problem. This problem is born from the yesteryear game show "Lets make a deal". You can even play a simulation of this game here.

This is a game of probabilities, a possibility with a higher probability is the one that is expected to happen, and assumed to happen. We are taught that the higher probable thing will happen in all likelihood, but the lower probable thing is also a possibility that can occur.

Now if the low probability occurrence is the one we desire, then we tend to hope against hope that somehow it would happen. My relationship with "hope" is intriguing. Even if I know that the probability of an event is 0.01, I will still keep hoping for it till its last deadline, till it finally becomes clear that there is nothing remaining. Each time I realize that this is my bane, and yet the next time, I again bet on the event with the low probability with the same zeal and vulnerability. Another self-wrecking streak in me, would you say?