Quote:
Originally Posted by 3for3poker
In spots where the extra chips cost the same as the original, it is probably always wrong to add on, until you are quite short, as the marginal value of each chip goes down.
The thing is, even though the chips are worth less, if everyone else is adding on then you lose more EV from not adding on than the cost of the add-on, such that it's worth it to add on except in situations where you have an extreme lead.
I may not have gotten that 100% correct-- Dara O'Kearney breaks it down in
Endgame Poker Strategy (which has a lot of talk about ICM and the value of a stack as well).