In the presence of a predatory stimulus, banded killifish decrease the amount of food attempts and duration of feeding posture. This is done to allocate more energy to predatory vigilance and avoidance. In both the presence and absence of predatory stimuli, banded killifish feeding rate for individuals is independent of shoal size. Lone individuals incur additional cost because they do not gain the improved predatory protection granted by shoal formation, and thus will attempt to join larger shoals rather than smaller shoals. When deciding whether to join a shoal or not, banded killifish value predatory protection over foraging opportunities.