to ElementX: is this what you are really asking
Hello ElementX,
I don't think anyone answered your question. I think what you are really asking is this: "Is there a strategy that would treat the two hands as one outcome by summing the Ev of both and adopting a strategy that seeks to optimize the overall Ev"? Is that your real question?
For this question to have any merit, the two events would have to be interdependent, because if you look at each hand individually, assuming them to be independent, then the hit/stand decisions are obvious and don't vary due to the presence of the other hand.
In your example of 16 v 4, the player will lose 19% when standing, but will lose 50% when surrendering. Obviously, you want to stand.
But, what if the two events are interdependent in some way? Given that the two hands are dealt during the same round, does this make them interdependent in some way when they wouldn't be interdependent if they were dealt in two separate rounds?
I think that what you are getting at is this: if I play two hands instead of one and my goal is to have the highest Ev per round, instead of per hand, would I modify my play?
Hmmmmm, verrrrryyyyy interesting. I have to think about this.
Let me make sure I see where you are really going with this: "If I 'know' I am going to win one hand and I 'know' I am going to lose the other hand, should I surrender the loser and end up with a win of .5 my bet or take the push"? Obviously, you don't 'know' the outcome of the hands, but you expect it.
My initial feeling is that the two events are independent and there is no reason to vary your play. But, I need to do some reading on the interdependency (or lack thereof) of two hands played during the same round.
Regards,
Steve