CV

[chris_a]

The thing that you want to maximize is the expected value of your cash prize which is different from the EV in terms of tournament chips.

For instance, if you are in a tournament that pays the top 5 and there are 6 players left and there is a player who will have to go all-in next turn. You have a medium sized stack and everyone folds to you on the button when the two chip leaders are the blinds, you probably don't want to play pocket queens as you would in a no-limit ring game because on next hand the short-stacked guy will have to go all-in and you will cash.