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(starting to modify "Exterior algebra")
Grassmann algebra, of a vector space $V$ over a  field $k$
An associative algebra over $k$, the operation in which is denoted by the symbol $\wedge$, with generating elements $1,e_1,\ldots,e_n$ where $e_1,\ldots,e_n$ is a basis of $V$, and with defining relations
$$ e_i \wedge e_j = - e_j \wedge e_i \qquad (i,j=1,\ldots,n), \qquad e_i \wedge e_i = 0, $$
$$ 1 \wedge e_i = e_i \wedge 1 = e_i \qquad (i=1,\ldots,n), \qquad \ \wedge 1 = 1. $$
The exterior algebra does not depend on the choice of the basis and is denoted by $\wedge V$. The subspace $\wedge^r V$ ($r=0,1,\ldots$) in $\wedge V$ generated by the elements of the form $e_{i_1} \wedge \ldots \wedge e_{i_r}$ is said to be the $r$-th exterior power of the space $V$. The following equalities are valid: $ \dim \wedge^r V = () = C_n^r$, $r=0,\ldots,n$, $\wedge^r V =0, $r>n$. In addition, $v \wedge u = (-1)^{rs}u \wedge v$ if $u \in \wedge^r V$, v \in \wedge^s V$. The elements of the space $\wedge^r V$ are said to be $r$-vectors; they may also be regarded as skew-symmetric $r$-times contravariant tensors in $V$ (cf. Exterior product).
-vectors are closely connected with 
-dimensional subspaces in 
: Linearly  independent systems of vectors 
 and 
 of 
 generate the same  subspace if and only if the 
-vectors 
 and 
 are proportional.  This fact served as one of the starting points in the studies of H.  Grassmann [1], who introduced exterior algebras as the  algebraic apparatus to describe the generation of multi-dimensional  subspaces by one-dimensional subspaces. The theory of determinants is  readily constructed with the aid of exterior algebras. An exterior  algebra may also be defined for more general objects, viz. for unitary  modules 
 over a  commutative ring 
 with identity  [4]. The 
-th exterior power  
, 
, of a module   is defined as the  quotient module of the 
-th tensor power  of this module by the submodule generated by the elements of the form  
, where 
 and 
 for certain  
. The exterior  algebra for 
 is defined as the  direct sum 
, where 
, with the  naturally introduced multiplication. In the case of a finite-dimensional  vector space this definition and the original definition are identical.  The exterior algebra of a module is employed in the theory of modules  over a principal ideal ring [5].
The  Grassmann (or Plücker) coordinates of an 
-dimensional subspace 
 in an 
-dimensional space  
 over 
 are defined as  the coordinates of the 
-vector in 
 corresponding to  
, which is defined  up to proportionality. Grassmann coordinates may be used to naturally  imbed the set of all 
-dimensional  subspaces in 
 into the  projective space of dimension 
, where it forms  an algebraic variety (called the Grassmann  manifold). Thus one gets several important examples of projective  algebraic varieties [6].
Exterior algebras are employed in the calculus of exterior differential forms (cf. Differential form) as one of the basic formalisms in differential geometry [7], [8]. Many important results in algebraic topology are formulated in terms of exterior algebras.
E.g., if  
 is a  finite-dimensional 
-space (e.g. a Lie  group), the cohomology algebra 
 of 
 with coefficients  in a field 
 of characteristic  zero is an exterior algebra with odd-degree generators. If 
 is a  simply-connected compact Lie group, then the ring 
, studied in  
-theory, is also  an exterior algebra (over the ring of integers).
References
| [1] | H. Grassmann, "Gesammelte mathematische und physikalische Werke" , 1 , Teubner (1894–1896) pp. Chapt. 1; 2 | 
| [2] | A.I. Mal'tsev, "Foundations of linear algebra" , Freeman (1963) (Translated from Russian) | 
| [3] | L.A. Kaluzhnin, "Introduction to general algebra" , Moscow (1973) (In Russian) | 
| [4] | N. Bourbaki, "Elements of mathematics. Algebra: Multilinear algebra" , Addison-Wesley (1966) pp. Chapt. 2 (Translated from French) | 
| [5] | N. Bourbaki, "Elements of mathematics. Algebra: Modules. Rings. Forms" , 2 , Addison-Wesley (1975) pp. Chapt.4;5;6 (Translated from French) | 
| [6] | W.V.D. Hodge, D. Pedoe, "Methods of algebraic geometry" , 1–3 , Cambridge Univ. Press (1947–1954) | 
| [7] | S.P. Finikov, "Cartan's method of exterior forms in differential geometry" , 1–3 , Moscow-Leningrad (1948) (In Russian) | 
| [8] | S. Sternberg, "Lectures on differential geometry" , Prentice-Hall (1964) | 
Comments
Anticommuting  variables (
, 
) are sometimes  called Grassmann variables; especially in the context of superalgebras,  super-manifolds, etc. (cf. Super-manifold;  Superalgebra). In addition the phrase fermionic  variables occurs; especially in theoretical physics.
References
| [a1] | C. Chevalley, "The construction and study of certain important algebras" , Math. Soc. Japan (1955) | 
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