Supplementary Materials for The Rules Are the Model: Path Dependence, Payout Frictions, and Selection in Synthetic Trading-Evaluation Contracts

This record contains the supplementary materials supporting the preprint “The Rules Are the Model: Path Dependence, Payout Frictions, and Selection in Synthetic Trading-Evaluation Contracts” by Francisco Matilla Serrano. The deposit includes the common-path rule engine, contract and trader-type parameters, one-rule counterfactuals, synthetic contract bundles, selection results, participant cash-flow calculations, and the tables underlying the manuscript. The materials document how daily-loss limits, trailing drawdowns, consistency conditions, minimum trading days, payout buffers, and payout caps affect outcomes when the same simulated profit-and-loss paths are evaluated under different rule systems.