= Spectral risk measure
{wiki=Spectral_risk_measure}
Spectral risk measures are a class of risk measures that incorporate a risk-averse decision-maker's preferences regarding the probability distribution of risks. They are particularly useful in financial risk management and portfolio optimization. \#\#\# Key Features of Spectral Risk Measures: 1. **Probabilistic Approach**: Spectral risk measures utilize the entire probability distribution of potential losses rather than focusing on specific loss thresholds (like Value at Risk) or specific moments (like expected shortfall).
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