ICM plays a crucial role in late-stage tournament decisions by prioritizing payout equity over pure chip accumulation. As pay jumps become significant, risk assessment shifts, often making survival more valuable than taking marginally profitable chip gains. This dynamic impacts shoving, calling, and folding ranges, encouraging tighter play in certain spots while exploiting opponents who are overly cautious. Understanding ICM helps players navigate bubble and final table scenarios effectively, maximizing long-term profitability by making decisions that align with real-money value rather than just chip EV.