This is for those who have no idea what the hell Eastbay and others have been talking about in these ICM discussions.

The typical situation is something like this:

You’re on the bubble in the BB and it’s folded to button who pushes, SB folds, you have a medium strength hand. Should you call, knowing that button will push with a certain range of hands?

The first step is to break down the stack sizes after each possible scenario:
1) you fold
2a) you call and lose
2b) you call and win
2c) you call and split

The 2+2 Archive Forums: how to solve certain problems with the ICM (an algorithm)