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@H-Bomb
But mathematically it doesn't.
It's the best system we have, given the parameters of time, courtspace etc, but that doesn't mean it's accurate.
Are Liverpool the best team in the English league system by the fact they've won the league cup? Are Cardiff City the second best?
Or taking another example, the team that loses the winners bracket final, plays against the winners of the losers bracket. If they lose that game, they finish 3rd. But it's entirely possible they never played 4th place, and the 4th place team could be better than them (but had a freak result somewhere along the way that dropped them into the losers bracket, and then correctly lost against the 1st/2nd team).