Which of the Following Can Explain the Choice to Gamble

Multiple Choice

Which of the following can explain the choice to gamble in casinos?

A) Gamblers have risk loving tastes.
B) Gamblers have risk-averse but state-dependent tastes.
C) The casino is operating at a loss.
D) (a) and (b)
E) (a) and C
F) (b) and (c)
G) All of the above.
H) None of the above.