Risk-based decision making in water management using probabilistic forecasts: results from a game experiment
Résumé
In this paper, we present an experiment conducted to investigate the use of probabilistic forecasts to make decisions on water reservoir outflows. The experiment was set up as a risk-based decision-making game. In the game, each participant acted as a water manager. A sequence of probabilistic inflow forecasts was presented to be used to make a reservoir release decision at a monthly time step, subject to a few constraints. After each decision, the actual inflow was presented and the consequences of the decisions made were discussed.