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Whether or not it's "worth" giving up a chance at a huge gain for the certainty of a small one is always an inherently personal question, and the idea that people should just do the economically rational thing is kinda strange.

Will Stancil

People are insisting that’s life-changing money that’s worth giving up a 50/50 chance at 1 million

18917

Also there is no universally rational single choice here, from an economics view. Risk neutrality is not demanded

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In addition, I imagine people employ heuristics that give weight to such matters as “If I win the coin flip will this asshole actually pay?” Instinct tells many of us to play it safe when someone is dangling that kind of money in front of us