lnq 👨🏿‍🦱: spread
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Showing posts with label spread. Show all posts
Showing posts with label spread. Show all posts

/ handicap

An opus' handicap, or just cap, :== its projected yield, as measured in ¢ents🪙 (compounded to dollars). It is computed from the product of the actual fret (plus tax) multiplied by the maximum number of Q♯🎶 semitones* (cap = fret ⊗ 2,600), thereby completing the ¢ent🪙 formula.** One-hundred (100) ¢ents each.


This figure constitutes the extrema of the opus it represents (akin to how much twistorspace it occupies). The cap is a spread (security estimate) that places a quote on the calculation derived from the above equation. Bounded extrema (minima/maxima) would constitute a potential loss for the juker/gain for the house, which can be rectified with improvisation. [Handicap commutations (≡) are stews.] (see coupon, jukepot) Complexity: E
/// Losses here are absorbed by the jukebox; jukers get no refund. But, improvisation (ie. fibor-bundling) can keep the game afloat.

/ spread

In our auction scenario, the spread :== the difference between the bid and the ask for a base unit. This type of cell-mapping measures📐 the area of dyadic inputs.

Fibril topology quotes this as "[tax / ¢ents🪙]", yielding a fluctual number of impressions [bid-ask] outstanding. (Do not confuse with thread. See UUhistlegrass.)

/ bid-ask spread