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Snooker 147 vs 1463/17/2024 ![]() ![]() ![]() If you recall, rent seeking is where some agents rather than creating value, seek to apportion the value created by others for themselves. It stretches credulity a little to think about Ronnie O’Sullivan, one of the most talented snooker players that has ever played the game, as in any way risk averse on the table.Ī better argument, and one that covers a concept we covered earlier on term, is to think about rent seeking. A fellow economist, Rob Taylor, challenged me on my risk aversion interpretation of Ronnie O’Sullivan’s refusal to take a black for a maximum break (which would have got £10000+£2000 for highest break) and instead opt for a pink and a 146 (getting £2000 for highest break). ![]()
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