u are stating the obvious now fnord. and what you are saying is to play into the lagg's game. Calling him with mediocre hands, playing "chicken" with him. This is what good lagg players want you to do so they can exploit you. This is their game. They are better at it than you in most cases. If you play their game you will lose more often than not.
Also you don't incorporate table image into your discussion. Lagg play is all about table image. I know you like to gamble with players you feel are worse than you but this does not change the fact that you are probably still seen as a Tagg player at the table who likes to call the Lagg players to exploit them. A good lagg player will know this as well and not let you exploit him as easily as you think.