re: Poker & Thoughts about chopping final table
There are honestly few times when, on the final table, that I would not take an even chop. Unless there are EXTREMELY short stacks (as in, they will be all in in the blinds if not sooner, within a few hands), or unless you have an amazing chip lead, your edge is rarely more than 1 in 9 or 1 in 8.
-- you will typically underestimate the equity that the short stack has.
-- you will typically overestimate your edge as a "big stack"
If you have a chance to buy out the shortest stack by paying him/her barely more than the smallest payout available, you should jump at it.
Note: If you would become one of the shorter stacks if you double up one of the short stacks, you are not really a big stack.
In HU situations, I typically like to make deals that split the difference between first and second, with a little incentive to play for. Eg. If first is $1,000 and second is $750, give each player $825 and then play for the final $100.