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[QUOTE="diabloblanco, post: 333288, member: 4734"]
Best I can tell, is that the depreciation itself happens at a slow pace, as you amass chips.  As this slow whittling of value happens you can either chose to try and continuously keep up with this depreciation (a al Lederer and Ferguson, for them this is no problem), but for us 99 percenters (the rest of the non-genious world) easier said than done.  By the time you are that late and have a chipstack that can handle a couple of hits, you sound in good position and deep in the field.  Why not just shoot the moon on them and figure the value at first or second (if you wish) position.  Second if you want to be more acurate to your current position, first if you think ya got the chops:).  I think you should assume a first and figure them accordingly from about the halfway point on in.  One, you won't have to adjust constantly, and two, you will be used to making the particular monetary calculation for each chip, so it will be second nature by the time you hit the final table.

*edit*
Also, the one chip on the bubble example is more a mental thing than a numbers one if I understand you correctly.  Being on the bubble with one chip is more a culmination of little mistakes throughout the tournament.  I know a [b]single[/b] chip was an exaggerated example, but even short-stacked on the bubble simply puts you in a must double-up situation, so relative value should in effect be out the window and you should be in survival mode until you're in the brass.  These are just my opinions, what say ye, Bill?
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