Quote:
Originally Posted by PointlessWords
Im glad you invented it.
ICM is a conditional probability problem, and I did not invent conditional probability. But in 1986 I wrote an article for the old
Poker Player Newspaper where I was addressing the question of whether it was right to rebuy and computed the value of the chip stacks after the rebuy was purchased and taking into account some specific payoffs, and what became known as ICM was how I approached the problem. That article then appeared in my book
Gambling Theory and Other Topics which was first published in 1987. And, it's still in the current expanded edition of this book as well as some other comments on ICM.
By the way, the name Independent Chip Model (ICM) did not come from me, and I don't know where it came from.