Abstract
We give a combinatorial description of the `` planar algebra,'' by generators and relations. We explain how the generator interacts with the Temperley-Lieb braiding. This shows the previously known braiding on the even part extends to a `braiding up to sign' on the entire planar algebra. We give a direct proof that our relations are consistent (using this `braiding up to sign'), give a complete description of the associated tensor category and principal graph, and show that the planar algebra is positive definite. These facts allow us to identify our combinatorial construction with the standard invariant of the subfactor .
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