We’re at the showdown, it’s three-handed, and I have nine-high.  Joe is first to show, then Moe, then me.  Joe turns over his hand.  There is no doubt that my cards are going to end up face down in the muck.  The question is, when should I fold my hand?  Right now?  Or should I wait for Moe to act?  Hmm.  If we assume that Moe will only show his hand if it beats Joe’s hand, then I will occasionally have a chance to save face by waiting for Moe to show first, then I can muck my hand and act like I had Joe beat, but not Moe.  But is that really the type of reasoning that should be steering my course?