If you were driving a car with explosives on each corner of the car and knowing any collision no matter how light would have you blown up to kingdom come how careful would you be?
Fear drives us all and removing a fear is bound to make you more relaxed.
The older pilot who may be more concerned about his health will be happier knowing his love ones have a way out if he dies at the controls.
The pilot who worries he might get into a situation he cannot handle will relax if he has an extra arrow to his bow.
The Pilot flying in possible icing might decide to take a chance if he thinks that if he ices up he has an ultimate way out.
The Guy flying through weather
The one over mountains
The one at night
The one over fog banks etc etc etc.
All these people are more likely to fly in conditions they would not do so without the shute. Its human nature.
As in this case whether they have the presence of mind to use it is another matter so in that case maybe a false sense of security?
Pace