Via Random Bits and Pieces of Nothing
"It’s just a morality tale, it’s obvious which gift is best, which one you’d choose—"
The three of them spoke at the same time: Hermione said, “the cloak,” Ron said, “the wand,” and Harry said, “the stone.”
They looked at each other, half surprised, half amused.
"It’s just a morality tale"
And it’s amazing what each choice tells you about each person
Harry, who’s lost loved ones, whose life has been miserable without they who died, who fears losing the loved ones he still has, would want the stone.
Hermione, who has ambitions, dreams, and so many opportunities and possibilities open to her, who would use a time turner just to take classes, would prolong life and live it to the fullest, would want the cloak to keep death away until she was finished.
Ron, whose family has been looked down on, who has loved ones he wants to protect and enemies he wants to vanquish, who is strong and values strength, would choose the wand.