Originally Posted by Andrew Boccia
Yeah this too, your waiting equity is so ridiculously high. People are going to be folding way too much, and making other general mistakes. The waiting equity is much higher than what the ICM default is, because the default assumes everyone is equal skill. The all-in equity and ICM is of course accurate, your all in and you have what you have.
I don't completely agree with this logic. If our skill advantage increases the $ev of folding, it should also increase the $ev of getting it in. Sure, in that case we get eliminated some of the time, which makes it impossible to take advantage of said skill difference, but quite often we also get to continue the ft with 30ish bb, allowing us to use our skill advantage in an even stronger way, for more $$, and with the important ability to lose showdowns once, twice or even three times without being eliminated.
Basically, skill advantage is often used as an argument for folding in close spots, when that advantage also increases the value of the more risky option and thus shouldn't be used as a sigificant criterion when choosing between two options. IMO