Mike Novack wrote:
It is precisely the fact that the margin of victory DOESN'T matter that leads to the exciting fights we see in high level games.
I'm not sure this is true --- I remember reading somewhere that in settings where the margin of victory matters, games tend to involve a lot of risk, because both players have an incentive to try to get "more" all the time, no matter who is leading
In a game where margin of victory matters, it is correct to accept SOME more risk to increase the result. One compares the likelihood of increasing the margin to decreasing it.
In a game where the margin of victory doesn't matter, it is correct to accept ANY level of risk to possibly pull the game out. In other words, the cost of losing by an even larger margin is zero.