Euler characteristic 1: Half a hole?

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The Euler characteristic of a two-dimensional disk is $\chi=1$. If one blindly interprets the disk as a closed, orientable surface, then $\chi = 2 - 2g$, and the genus is $g=\frac{1}{2}$.

Is there some way to view a disk as possessing "half a hole" or "half a handle"?

My students asked me and I didn't have a good answer.

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The connected sum of two disks is an annulus. If you think of an annulus as being a hole, then I suppose a disk is half a hole.

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Trying to use $\chi = 2 - 2g$ to describe things that aren't closed orientable surfaces is missing the point, I think. In my opinion one should think of the Euler characteristic of a compact space as a homotopy-invariant refinement of the cardinality of a finite set; see this blog post. A closed disk is contractible, so has Euler characteristic $1$, and that's the most transparent interpretation of it. You might also be interested in the argument in the blog post that derives $\chi = 2 - 2g$ from homotopy-invariance and inclusion-exclusion.

The thing that possesses "half a hole" isn't the closed disk; if anything, it's $\mathbb{R}P^2$, which also has Euler characteristic $1$. And this is totally sensible as it can be described as the quotient of $S^2$ by an action of $\mathbb{Z}/2\mathbb{Z}$.