Algebraic Number Theory
The value group is an essential concept in the context of discrete valuations and valuation rings, representing the set of values assigned to elements in a field with respect to a chosen valuation. This group typically takes the form of an ordered abelian group, where the values correspond to the 'size' or 'degree of divisibility' of elements. It plays a crucial role in understanding how different elements relate to one another in terms of their valuation and provides insights into the structure of the associated valuation ring.
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