Re: empirical equity study
Apologies if this has been done 1 millions times already...
Have you run this analysis based on the position of the button rather than the position of the big stack? Clearly, if 4 players have equal stacks, the ICM will be .25 for all, but the button's equity is really higher and the BB's lower.
How much, I'm not sure, but likely significant if the blinds were 300/600 since the BB will need to post 30%+ of his stack over the next 2 hands. Meanwhile, the button posts nothing and can steal if he chooses.
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