Re: THE WALLS ARE CLOSING IN! AAAAAAAAAARGGH!!!
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ICM corresponds to (a certain discretized version of) Brownian motion on a simplex with absorbing walls, with the added feature that the simplex is constantly shrinking towards its centroid!
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That's a good point, but there are quite a few extra good features of the ICM. You can use the ICM to obtain the probabilities of other finishes relatively easily. The probabilities can be determined by the analysis of the discrete model, not just as a limit. (You can define it by the limit, but all of the intermediate terms are equal, which is remarkable.)
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(Now don't someone go selling my ideas to some poker site for fifty squillion dollars [img]/images/graemlins/mad.gif[/img] )
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After the US legislation, they were only willing to pay 15 squillion. Sigh.
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