Mr. Black, Mr. Gray, and Mr. White are fighting in a truel. They each get a gun and take turns shooting at each other until only one person is left. Mr. Black, who hits his shot 1/3 of the time, gets to shoot first. Mr. Gray, who hits his shot 2/3 of the time, gets to shoot next, assuming he is still alive. Mr. White, who hits his shot all the time, shoots next, assuming he is also alive. The cycle repeats. All three competitors know one another's shooting odds. If you are Mr. Black, where should you shoot first for the highest chance of survival?
He should shoot at the ground. If Mr. Black shoots the ground, it is Mr. Gray's turn. Mr. Gray would rather shoot at Mr. White than Mr. Black, because he is better. If Mr. Gray kills Mr. White, it is just Mr. Black and Mr. Gray left, giving Mr. Black a fair chance of winning. If Mr. Gray does not kill Mr. White, it is Mr. White's turn. He would rather shoot at Mr. Gray and will definitely kill him. Even though it is now Mr. Black against Mr. White, Mr. Black has a better chance of winning than before.
Sometimes I am loved, usually by the young. Other times I am dreaded, mostly by the old ones. I am hard to remember, also hard to forget. And yet if you do, You'll make someone upset. I occur every day everyone has to face me. Even if you don't want it to happen; embrace me. What am I?