My Lottery Opportunity Cost Doubt

Each time I to to enter a competition with a fee, I wonder if that fee couldn’t be put to better use in another “competition”, as in the lottery. That is, what might I be losing out on, or what economists call opportunity costs, in not having spent that money on lottery tickets that could really change my life if I won a jackpot or even secondary prize? After all, few competitions I enter would either change my life as much as a decent lottery prize. Nor would I have better odds of winning or placing well in those competitions, in many but not most cases, like the Boston Marathon. In some small races or other competitions, like writing, I have done well enough to merit some recognition. However, the prizes have always been essentially negligible. That is, there were some value to them, just not much value to me. Well, at least not material value. Moral value like confidence and social value like perception in the eyes of others, also known as bragging rights without the bragging, are another matter, though. Still, as “priceless” as they may be, I can’t help thinking what chances at winning a jackpot I would deprive myself of in putting money towards these competitions rather than to a lottery, for which I don’t often buy tickets. So what to do?

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Leafs Lose in Time to Let Canadians See Chris Hadfield Land

I have new respect for the Toronto Maple Leafs tonight. Instead of trying to win Game 7 of their playoffs against the Boston Bruins in over time, they gave up the winning goal in time so the game could be off the air just time in for Canadians to see their beloved astronaut, Chris Hadfield, land in his return from the International Space Station.

The Leafs, clearly, put the interests of Canadians above theirs, knowing not all Canadians are Leaf fans… but that all Canadians, are Chris Hadfield fans. 🙂

Chris is a Leafs fan, though. He won’t be happy to hear that upon coming back to Earth. However, he should be consoled and touched by the fact the Leafs lost for him.

Thanks, Leafs! Enjoy your summer. You’ll get the karma back in your golf games.

#niceguysfinishlast

Congratulations to Denise Robson and Rami Bardeesy on Outstanding 114th Boston Marathon Finishes!

I’m proud to share that my friend, Denise Robson of Dartmouth, Nova Scotia, won the Women’s Masters Division (40 and over) at the Boston Marathon today! She also placed first among women in the 40-44 year old category, obviously… and she’s got an elite athlete profile (link above). How cool is that!!!

Denise ran a 2:43:16, her best Boston time by 2 minutes. That translates to a rocking 6:14/mile pace. She passed half way in 1:19:55, with a slight positive split for the second half containing Heartbreak Hill. The 41 year old Mother of three daughters placed 282nd overall among over 26,000 runners, was the 24th woman to finish, and 9th fastest Canadian in the field.

The top Canadian finisher in the field is also a friend of mine, Rami Bardeesy, from Halifax, Nova Scotia. He ran his 9th consecutive fastest Boston marathon in 2:27:22, 59 seconds faster than his previous fastest that was last year. That was good enough for 48th overall and 46th among men. This was also a personal best for Rami, who was an agonizing 1 second from going under 2:28 in Sacramento at the California International Marathon in 2008. He sure righted that today! And on such a tough course as Boston, too!

We Nova Scotians sure had a great showing this year! Not just at the top but also among the more than 100 runners who headed down. Other notable performances at the top included:

  • Harry Neynens in 2:49:36 (from Enfield)
  • Ray Moorehead in 2:50:55 (from Dartmouth, who had trashed talked Denise on Facebook about finishing 3rd among Nova Scotians behind Rami and him… now for all the world to see),
  • Shawn Deleu in 2:53:49 (Halifax)
  • David Holder in 2:56:32 (Bedford)
  • Leah Jabbour in 2:59:48 (Bedford)
  • David Nevitt in 3:04:03 (Dartmouth, who is now heading to Big Sur to do the crazy double marathon in less than 1 week this coming Sunday!)

Sadly, I had to defer Boston this year.

For their victories, Denise earned a smashing $10,000 and Rami got  $2,500, respectively! Cha-ching!

Which ain’t as good as the bling, I am sure!

I’m also friends with all these fast runners. It’s almost sad to run 3:12 or 3:10 and be a turtle among fast friends.  🙂

Congratulations to them all, and others, on a fabulous race!

As for the absolute finishers, 20 year old Robert Kiprono Cheruiyot from Kenya won in a course record 2:05:52. That netted him $150,000 and $25,000 for the record. Interestingly enough, he had smashed a record held by another but unrelated Robert Cheruiyot, Robert Kipkoech Cheruiyot, in 2006, by 82 seconds.

Shall we call these boys Cheruiyots of fire?

You’d think with a name like Robert Cheruiyot, and being an elite marathon runner, nobody would ever confuse you with anybody else, eh? Tough luck!

Among the top men, second went to Tekeste Kebede from Ethiopia. He was 91 seconds behind, with Deriba Merga, the defending champion, coming third in 2:08:39.

Among the elite women, Teyba Erkesso from Ethiopia was top at 2:26:11. It was a sprint to the finish, though, beating Russia’s Tatyana Pushkareva by just 3 seconds. Ouch! Teyba also won $150,000 with the gender equality in prize money being given by the Boston Marathon.

Well done, everyone! I hope to be in the action next spring!

Please click here for a complete race summary.

Flesch-Kincaid Grade Reading Level: 7.5

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