Quote:
Originally Posted by Adgey
Can you show me the evidence for this, I see that kind of thing posted all the time but don't know the reasons behind it
Hard evidence is difficult when we can't simulate to the end of the tournament - but the basic idea is that we give up these small bits of value by playing "too" tight to preserve our stack and not go out before the short stacks - and it's not just this hand, it's all the future hands too. So we should include the forced future giving up of value in the present value of a mid stack (actually in the value of any stack, but it's particularly the midstacks who give up the most value to other players).
If you want something like evidence compare a few hands under both chip EV and under ICM and compare who is getting extra/fewer walks in the BB, who is getting their jams through much more rather than just a bit more, who is forced to fold much more rather than just a bit more - and you will see who is leaking value.