Adding on to kill the overlay...

[meow_meow]

Empire runs a $5k guaranteed $50+5 with rebuys every afternoon. Today, there were 40 players, and at the break a total of 17 rebuys and 29 players remaining.

Obviously, even if everyone adds on, the prize pool is still going to be 5k, so the addon is basically going into Empire's pocket (never mind that they rake it as well) - not that I'm complaining, because this means guaranteed overlay.

Anyway, obviously the remaining players as a group are best served by no one adding on. However, each individual player, especially shorter stacks, increases their EV by adding (correct?).

I guess it's a bit like the prisoners dilemma, except that here cooperation isn't advantageous for every player (i.e. very short stacks are better off if everyone adds than if no-one does.)

FWIW, 21 of 29 players added on.