I'm sure everyone knows...
We all [should] know that, of course how you should play AK depends on many factors. But the there are two factors that I have not seen talked about in this thread:
1)
equity
2) your skill level, strengths, and weaknesses compared to those of your opponents.
1- equity is so important that I'm surprised not many people talk about it directly. People often talk about some of the things that effect equity. But not the thing itself. Equity is THE #1 factor that differentiates a tournament from a cash game. For those who aren't familiar with equity, it is basically the cash value of your chair in a poker tournament giving consideration to all factors that could/do affect your chances of turning that seat into
real money. Some of the major factors are: stack, amount of people remaining, your skill level compared to opponents, pay structure, ect. So the way this effects how you should play AK is based on the idea that in a tournament, your goal is not to win chips, but to win equity. And when you make a play, you are risking equity in hopes of gaining a return on that risk. If you want to be able to make good plays with AK, you have to think not in terms of chips, but in terms of equity. If you have a higher equity, then your stack is worth more than if you had a low equity. So risking your whole stack becomes much less appealing. And obviously the inverse is also true.
2- Skill level, strengths and weaknesses are actually a subset of equity, but one that hasn't been discussed as a decision making factor thus far in this thread. If I know that my post flop play is weak, it is better to raise big and limit the field. Win early through aggressive play. But if I feel like I have an edge over my opponents because I'm better at making post flop decisions, then controlling the size of the pot and giving your opponents a chance to make a huge costly mistake with something like AQ or AJ is better. It's important to Know where you are strong and where you are weak. A player skilled at making good post flop reads should play the hand much differently than a player who couldn't make a read against a toddler caught in the cookie jar.
And obviously these two factors need to be considered along WITH all other factors. I just feel like these two were far too important and overlooked to not mention.