For example, open water swimming seems pretty dangerous, but the outcomes are (I would suppose) pretty binary. At the end you're either alive or you're drowned. I suppose that, rarely, someone almost drowns and is left partly brain damaged. But I think most of the time it's on or it's off. Motorcycling, on the other hand, probably maims far more people than it kills. So that makes it relatively more dangerous per hour!
But then you have to adjust by your risk factors. I am an extremely cautious driver. I stay in the right lane, I follow the speed limit, I try to avoid merging, and I check my mirrors. I do these things because, although I have spent a lot of time behind the wheel, I don't trust my fallible human perception and reflexes to take on riskier habits. I suspect, just based on the frequency with which I get into collisions compared to other people I know, that I'm safer than average. If I brought my driving attitude to motorcycling, it seems reasonable to believe that I'd be at much lower risk than the typical, weaving-in-and-out-of-traffic sport-bike rider. But how much so? Nobody has done any study that will help me guess. So, for now, I avoid it, and find fun in things that are less likely to leave me paralyzed.
Anyway, just some things that bumble through my head when I think about activity risk.