I think you meant a 50% chance for $100 is the same as a 5% chance for $1000 right? Just... funny math error as I was like, wait, no... I'll take the 10% chan

I think you meant a 50% chance for $100 is the same as a 5% chance for $1000 right? Just... funny math error as I was like, wait, no... I'll take the 10% chance at $1000 every time! (unless I'm desperate for my next meal, then, as you say, the lower variance would point to higher certainty of some money vs max expected value) EDIT: I see someone else noticed this further down than I looked in comments, sorry for dupe.