Anemometer mounted on a vertical shaft. The air flow past the cups in any horizontal direction turned the shaft at a rate that was roughly proportional to the wind speed. Therefore, counting the turns of the shaft over a set time interval produced a value proportional to the average wind speed for a wide range of speeds. It is also called a rotational anemometer. On an anemometer with four cups, it is easy to see that since the cups are arranged symmetrically on the end of the arms, the wind always has the hollow of one cup presented to it and
Spectral risk measure Spectral risk measure A Spectral risk measure is a risk measure given as a weighted average of outcomes where bad outcomes are, typically, included with larger weights. A spectral risk measure is a function of portfolio returns and outputs the amount of the numeraire (typically a currency) to be kept in reserve. A spectral risk measure is always a coherent risk measure, but the converse does not always hold. An advantage of spectral measures is the way in which they can be related to risk aversion, and particularly to a utility function, through the weights given to the possible portfolio