The infinite simple group V of Richard J. Thompson: presentations by permutations

We show that one can naturally describe elements of R. Thompson's finitely presented infinite simple group V, known by Thompson to have a presentation with four generators and fourteen relations, as products of permutations analogous to transpositions.  This perspective provides an intuitive explanation towards the simplicity of V and also perhaps indicates a reason as to why it was one of the first discovered infinite finitely presented simple groups: it is (in some basic sense) a relative of the finite alternating groups.  We find a natural infinite presentation for V as a group generated by these "transpositions," which presentation bears comparison with Dehornoy's infinite presentation and which enables us to develop two small presentations for V: a human-interpretable presentation with three generators and eight relations, and a Tietze-derived presentation with two generators and seven relations.