Pronunciation: [ɡˈamə] (IPA) 
The word "gamma" is spelled with a "g" followed by two "m"s and an "a" at the end. The IPA phonetic transcription for "gamma" is /ˈɡæmə/. The "g" sound is pronounced as in "go" while the "a" sound is pronounced as in "cat". The two "m" sounds indicate a nasal consonant, meaning that the sound is made through the nose rather than the mouth. This results in the word having a distinct and recognizable pronunciation.
Gamma is a term used in mathematics, physics, and finance, possessing multiple definitions depending on the context. In mathematics, gamma generally refers to the gamma function, which is an extension of the factorial function to complex and real numbers. The gamma function is denoted by the Greek letter "Γ" and is used to solve a variety of mathematical problems, particularly involving integrals and probability theory.
In physics, gamma typically refers to the gamma rays, which are a form of electromagnetic radiation with the highest frequency and shortest wavelength. Gamma rays possess tremendous energy, making them capable of penetrating through most materials and causing significant disruption to matter. They are often produced through nuclear reactions or radioactive decay.
In finance and economics, gamma is defined as one of the measures of an option's sensitivity to changes in the underlying asset's price volatility. Gamma represents the rate at which an option's delta changes as the price of the underlying asset fluctuates. It quantifies the curvature of an option's price and provides insights into the inherent risk associated with the option position.
In summary, gamma is a diverse term used across various fields. While in mathematics it is associated with the gamma function, in physics it relates to high-energy electromagnetic radiation known as gamma rays. In finance, gamma measures an option's sensitivity to volatility changes, providing valuable information for risk assessment.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "gamma" originates from the Greek language. It is derived from the Greek letter "gamma" (Γ γ), which was used to represent the sound /ɡ/, similar to the English "g" sound. The letter "gamma" itself evolved from the Phoenician letter "gimel" or "gimmel", which means "camel" in Phoenician. Over time, "gamma" came to represent the third letter of the Greek alphabet and is now commonly used to refer to the third letter in various alphabets, including the Latin alphabet.
