# fear index (priced)

*Ordinarily means:* a nickname for a market measure of expected volatility, especially the VIX

A price that a market reads as its own fear: what its members give for protection against a large move toward a wall.

- Computed level: L18 (depth in the emergence graph, not abstraction)
- Status: published  ·  Domain: agency

## Emergence
**Emerges from:** [fear](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-fear.nearing-wall), [price](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-price.economic), [market](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-market.economic), [read](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-read.information), [member](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-member.social), [give](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-give.transfer), [protection](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-protection.security), [against](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-against.opposition), [large](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-large.size), [motion](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-motion.movement), [toward](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-toward.spatial), [wall](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-wall.range-end)

**Through:** Fear is not asked for but inferred from what traders pay for protection, so the report is made in money and can itself be traded.

**Novel properties:**
- an affect with a price
- a report that is also a traded thing

## Examples
- The CBOE Volatility Index (VIX), nicknamed the fear index, is computed from S&P 500 option prices and rises when traders pay more to protect against large moves. *(finance)*

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*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-fear-index.priced*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-fear-index.priced.json*  
*Every definition provably resolves to space, time, energy and pattern.*