Theory: optimal blind defense?

[Nigel]

Wow, not the responses I was hoping for. A few posts on stealing tactics (???), and nothing much about defending. Doesn't anyone here feel like they might be just throwing away money by not defending more?

Maybe I should ask what are normal PT numbers for filtering by "steal attempted & called/re-raised"? Cause when you look at those numbers, it's hard to understand why just voluntarily taking a .25-.5BB loss is a smart idea.

Am I totally alone in this thinking?