Poll: Chance of reward and reward amount relationship

[n224457763]

If a person is presented with two options:
1) You can win $3 with a chance of 1 out of 10
2) You can win $1 with  a chance of 3 out of 10
What option would an average person pick?

Thanks,

[SWM]

i added a poll for people to make their choice.

i choose $3 because it is more of a reward. $1 is not really enough to worry about. if the rewards were $100 and $300 with same odds i would probably make the opposite choice.

[NataEames]

Took the 1 in 10

I like a challenge