[ericicecream]

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However, if you are three handed with Negreanu and he goes broke to a complete fish, the value of your stack goes up significantly.


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In the theory, this part should be covered under the "skill advantage" component of the formula, while the "value of the NON-YOU stacks" remains the same. Skill advantage is not a constant, as it would change depending on the remaining opponents and your skill advantage over them in particular. Your advantage over a field involving Negraneau is less than over a field involving the donk. The number of players remaining is a separate component but also taken into consideration in the formula, and is more important as the field thins out.

Also note the "big-stack" concept falls under this skill advantage component also. As you accumulate a big stack, your proportional skill advantage over your opponents should become greater in that situation if playing a big stack is something you do well.