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