INSTRUCTIONSYou are the manager of a wind farm that produces electricity using wind turbines. The output of the wind farm depends on the wind and can vary from nothing up to 100 MW (megawatts). In each round of the game the local utility company will offer you a price for power (in tokens/MW) for power delivered in that round. You must decide how much power (in megawatts) you wish to promise to deliver. You will be paid the quoted price for the power that you promise. If, however, the actual production falls short of what was promised you must pay a penalty for each megawatt you promised but failed to deliver. The penalty (in tokens/MW) will be given at the same time as the price the utility company is offering. Note: you will be paid in full for all the power you promise. Any penalty will be subtracted from this amount. To help you make your decision you will be able to look at forecasts of power output by clicking on the buttons marked "Std. Forecast", "PDF Forecast" and "CDF Forecast". These will provide the following types of forecasts: Std. Forecast gives the expected output of the wind farm PDF Forecast gives a probability distribution of wind farm output CDF Forecast gives a cumulative probability distribution of wind farm output The first three rounds are practice rounds, they won't count and your balance will be reset to zero at the end of the third round. BEGIN GAME |