Before revision:  We solve for the unique subgame perfect equilibrium of this game, and establish properties of the equilibrium strategies and payoffs in the limit. 
After revision:  We solve for the unique subgame perfect equilibrium of this game, and establish properties of the equilibrium strategies and payoffs in the limit. The solution and comparative statics thereof provide insight about intertemporal choice with status concerns. In particular we find that patient players take fewer risks.