>If I were to lose a bag on vacation there wouldn't be the same consequences.

Not that taking everything carryon was really an option in this case, but I had a bag misplaced after a connecting flight was canceled. This was a group hiking trip but I had at least an extra day scheduled. Still spent about $500 to minimally restock although my bag arrived at literally the last minute before one of the guides left the hotel for our one-way walk.