yes, looks similar to what I want. What's TWC ?
They still need the windspeed-analysis, but only as a tool to predict damage.
BTW. why limit to 5 categories representing the windspeeds ? Just give the speed. Or if folks can't remember their relations and significance, extent it to fractions like Cat2.7 , see earthquakes.
I'd like several forecasters giving subjective expected damage predictions, (expectation value,deviation) and an analysis who gives best predictions as with the "competition" here with the several forecasters, forecasting-models.
And prediction-markets trading damage-contracts, with the opportunity to "insure" by shorting damage-contracts. Well, there are catastrophe-bonds, but only for big institutions
hmm... maybe I should start a different thread
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