Pricing method Exceedance level, \(\gamma\) (\(\alpha=5\%\)) Premium, \(P(\tau_1,\tau_2)\) ($/ac) Probability of loss,\(p(X<P(\tau_1,\tau_2))\) Probability of gain,\(p(X>P(\tau_1,\tau_2))\)
Burn analysis 49.9465 11.6834 0.5032 0.4967
MCM 41.8361 12.5524 0.3600 0.6399