Supplementary Materials for Risk Is a Choice: Optimal Trading under Evaluation Constraints

This record contains the supplementary materials supporting the preprint “Risk Is a Choice: Optimal Trading under Evaluation Constraints” by Francisco Matilla Serrano. The deposit includes the declared policy library, state-transition representation, dynamic-programming benchmark, training and independent holdout simulations, drift-policy-contract sensitivity surface, replication results, and tables reported in the manuscript. The materials examine how evaluation targets, drawdowns, monitoring conventions, deadlines, and path-dependent contract rules alter the participant’s risk choice under the stated synthetic profit-and-loss process.