Anemometer from the straight tube is connected to the top of the sealed chamber and the pipe from the small tubes is directed into the bottom inside the float. Since the pressure difference determines the vertical position of the float this is a measure of the wind speed. The great advantage of the tube anemometer lies in the fact that the exposed part can be mounted on a high pole, and requires no oiling or attention for years; and the registering part can be placed in any convenient position. Two connecting tubes are required. It might appear at first sight as
Spectral risk measure payoff of a portfolio. In this case the translation-invariance property would be given by formula_35 instead of the above. 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