Supplement to "Survival Versus Profit Maximization in a Dynamic Stochastic Experiment"

This appendix shows the paper's results cannot be driven by standard risk aversion over earnings: risk aversion will not induce rational subjects to hoard (hold too-high thresholds). It also reproduces the instructions handed out and read aloud to subjects at the beginning of each session. Finally it reports results from two new robustness environments.

Supplemental Authors: 
Oprea, Ryan - University of California, Santa Barbara