Is it sensible to see risk seeking people?

There are three categories of risk attitudes: risk aversion, risk seeking (or risk loving) and risk neutral. Risk attitude is determined by people's preferences between certain returns and uncertain lotteries which deliver the same expected return rate as the certain return assets. If a person prefers certain assets over uncertain lotteries which deliver the same expected returns, then this person is risk aversive; if a person is indifferent, then this person is risk neutral; if a person prefers the lottery which delivers uncertain returns, then this person is risk seeking. Based on the definition, it does not sound sensible that a person is risk seeking. Therefore, is it sensible for a person to be risk seeking?

For ordinary people, it is not sensible to be risk seeking. Because why does anyone want to take unnecessary risk but merely gain the same expected return? No one is likely to take unnecessary risk, unless people want to play for entertainment, like buying state lottery or going to casinos. If people just seek risk for entertainment, then it is not able to see these people are risk seeking, because they gain utility (fun) from falling to less preferred states, they are not doing for investment. However, it is possible for people to seek risk, which is criminals. Crimes are very risky but why do criminals want to take the risk? Because many of these criminals are not wealthy, they do not have much money to supporting their own life without crimes. Because they are already in the less preferred state, they are not afraid of taking the risk because for them, it is still better than certainty, as they do not have sufficient skills and experiments to have proper jobs.

Overall, for ordinary people, it is not sensible to be risk seeking; however, for the people in extreme poverty, seeking risk is not a bad choice.