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More importantly, "x is being irrational" can be a fake explanation if it's given without further detail. Much better to point to a specific fallacy or bias that would explain their behaviour.
In this particular case, though, how is it a matter of "different values"? Would anybody participate in casino-style gambling if they were better at thinking about probabilities and utilities?
I have gambled in a casino or the like exactly once in my adult life, when on a cruise I had a quarter, 25 cents, which I did not wish to carry around with me for the rest of the week. So I decided to "try my luck" at the quarter-push machine in the casino. I did not win anything, but being able to tell that story was worth every penny.