Quote:
Originally Posted by ThePokerBot
I totally agree which what you say about giving up on EV of not re-entering which is why I feel compelled to re-enter but don't you think you have less EV when buying in for sub 15 big blinds compared to starting a new tournament?
Yes, absolutely. When you re-enter that late and that shortstacked, you are giving up a lot of the edge you have over micro stakes players. Think about it this way: would you regularly choose to play tournaments with 15bb starting stacks?
People feel compelled to re-enter (or rebuy) very late because of the sunk costs fallacy: the belief that the money and time you've already invested in the tournament justifies spending more time and money to stay in the tournament, even when it isn't advantageous to do so. You're much better off using that buy-in to enter a new tournament from the beginning.