$22: Push or wait with an uber short stack

[pooh74]

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ICM assumes that all stacks are equally playable. It doesn't give you an extra dose of equity because you have a monster stack and know you can steam roll the table and it doesn't subtract any equity when your stack is so small you have no moves left to make.

It calculates finish distribution based on relative stack sizes and your equity based on payout structure.

I would argue that when your stack is really small this model over values it.

[/ QUOTE ]

I misunderstood you previously. I guess if having a BS gives you extra EV than ICM dictates (by being able to steamroll) then it should follow that the EV must come from somewhere?

nice

[tewall]

General tournament theory states that chips are worth more as the stack sizes go down, so if anything ICM should be undervaluing the true equity here, not overvaluing it.

Assuming the big stack knows how to use it to advantage, I'd assume the missing equity comes from the average stacks. This makes sense because the average stacks are the easiest to bully; big stacks have to respect other big stacks, and small stacks have pot odds to call anything, so the average ones are the ones susceptible to being stolen from, and hence the likely ones to supply the "missing" equity.