It is sometimes said that, "Those who gamble the most are the ones who can least afford to lose." These people gamble because
A)the EMV is positive.
B)the EMV is negative.
C)the gambler has no family to consider if he/she dies.
D)there is utility other than monetary to consider.

Question

Quizplus · Accepted Answer

The statement suggests that people who gamble despite not being able to afford losses do so because they find value or utility in gambling beyond just the monetary aspect. This could include the thrill of gambling, the social aspect, or other psychological benefits, indicating that their decision to gamble is not solely based on the expected monetary value (EMV) but on other forms of utility they derive from the activity.

It Is Sometimes Said That, "Those Who Gamble the Most