Re: 8 ,8 vs. 10 showing???
Yes, you lose less by splitting ...
Many "lose less" strategies seem wrong, simply because they increase variance (in this case, we are only mildly increasing our EV, but wildly increasing our SD). Mistaking variance for EV is a common error -- for example the "odds" bet at craps takes advantage of this. In particular, plays like 8-8 vs. 10, where our hand is quite likely to lose, makes the increase of variance difficult to stomach.
Here is another example. I was playing single - 0 roulette (!), and I made a red bet and a black bet, at the table minimum. This is one of the cheapest source of comps in the house (well, one can do the same thing at craps, and it's much cheaper). The other players thought I was a fool, as there was no way I could win, but one big way I could lose -- meanwhile they spread their chips in a seemingly random way around the table. They were happy with their much higher variance, watching their stacks rise and fall. I was happy to have my stack stay the same (the 0 never hit). Everyone at the table was playing with the same EV. Most were playing FOR a higher variance, i was playing for a low variance.
Variance and EV are separate entities, and should not be confused.
--Mayor