Okay, so here are the lottery odds by pick for us as the third pick:
1st - 15.6%
2nd - 15.7%
3rd - 15.6%
4th - 22.6%
5th - 26.5%
6th - 4%
Okay, so here's my question. I think I understand why the 4th and 5th picks are the most likely scenarios for us, i.e. because the combination of percentages of all of those behind us greatly outweigh our own 15.6% chance. So with that combined greater percentage, it's more likely that one or two of those teams will jump us in the lottery, but it's due to the combination of the overall percentages rather than those particular teams' percentages that jumped us.
However, why are the first three picks essentially the same percentage then? No matter who ends up getting the first pick, everyone is, at least slightly, more likely to get the second pick by virtue of one less team being in the mix. So then shouldn't the second pick be a higher percentage for us, and, consequently, the third pick should be an even higher percentage for us than the second pick?
Perhaps they just label it that way due to not knowing the exact percentages each pick will ultimately manifest as since the percentages themselves would ultimately depend upon who ends up getting the first pick, i.e. the odds for the second pick would be much different for everyone if the Bulls got the first pick than if the Sixers got the first pick.
So where is my quantitative reasoning flawed?