Algebraic K-Theory
The excision property is a fundamental principle in K-theory that allows for the computation of K-theory groups of a space by 'excising' a subspace and replacing it with a simpler one. This means that if a space can be decomposed into a subspace and a complementary part, the K-theory of the entire space can often be determined by understanding the K-theory of the remaining part. It plays a crucial role in simplifying complex calculations and has implications in various areas, including stable homotopy theory and Bott periodicity.
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