NLTRN - short Villain reraises AI

[Somekid]

Hmm, I don't quite understand this hand yet, but I feel like calling almost makes sense. If we have a 40% chance to win vs. villain's range, then isn't it pretty much neutral ev for us?

Maybe I'm doing this wrong but I'll try it anyways (when we're 60/40:

60% of the time we lose 835 chips.
40% of the time we win 1160 chips.

(.4 * 1160) -(.6 * 835) = 464 - 501 = -37.

Now I know that's technically -EV, but isn't it worth giving up 37 chips of EV for a 40% chance of knocking someone out of the tournament? But maybe this is some sort of logical mistake or my math is flawed. I'm just trying to understand how to solve situations like this.