Originally posted by seeberger
in the end its def. to tight. If i give the equilator a 15% range its 55+
and with an m of 3 i def. push 22+ from utg
I think that touches on a separate issue, -EV pushes. When you are about to hit the blinds, folding is not worth as much as it appears because your stack is effectively reduced by the chance of having your blinds stolen. This means you can make some profitable pushes which lose chips on average (or which lose ICM equity when you get to the final table). These pushes are not anticipated by the Nash equilibrium calculations.
If you steal the blinds or double up or only get called by someone you cover, you still have to post the big blind. You only save posting the big blind if you get called and bust out. Further, posting the big blind is not as bad as many players fear. You can get a walk. You can find AA in the big blind. You can find a hand which gives you a good odds call. You can see a free flop and hit it or find a good bluffing opportunity. In theory, if players are pushing with the Nash ranges on you, then with a full 9-handed table with M=4 you lose about 2/3 of the big blind. However, in practice you may lose less as players push less often than they should, and once you have paid the blinds, you get many cheap hands where you expect to gain chips. Having 5.34 big blinds on average in the small blind is worth more than having 5.34 big blinds in middle position.
If you think that hitting the blinds costs about 1/2 of a big blind, and you think you will bust out about 25% of the time when you push, then you might want to make pushes UTG which lose up to 1/8 of a big blind. I think many of the -EV pushes people recommend lose much more than that.