Russian roulette

You have 2 options:

1. Fixed 12000 euro/year salary.
2. Play russian roulette ($p = 0.1$) at the end of the year. If you survive, you get 1.2m euros.

Because $p = 0.1$ is a high chance of losing your life, most people would choose option 1.

However, if your employer gave you the following options:

1. Fixed 12000 euro/year salary.
2. Get 1.2m with $p = 0.1$ at the end of the year.

I bet many people would choose option 1.

Let's run a simulation over 100 years.

javascript
const simulation = (bounty_1, bounty_2) => {

    let option_1 = 0
    let option_2 = 0

    for(let i = 0; i < 100; i ++){
        option_1 += bounty_1

        if(Math.random() < 0.1)
            option_2 += bounty_2

    }

    return option_1 === option_2 ? 'Draw' : option_1 > option_2 ? 'Option 1' : 'Option 2'
}

If you repeat the simulation 10000 times:

javascript
let winner = {
    'Option 1': 0,
    'Option 2': 0,
    'Draw': 0
}

for(let i = 0; i < 10000; i ++){

    winner[simulation(12000, 12000000)]++

}

console.log(winner)// {Option 1: 0, Option 2: 10000, Draw: 0}

Option 2 is better over the long run. Bear in mind though, that you would get paid once every 10 years on average. It's a large timespan window. That's why many people would go for the first option.