Let (k,Pk) be an ordered field
and Γ be a dense additive subgroup of ℝ. In this paper, we shall construct a
noncommutative ordered division ring (D,P) and a compatible valuation v on (D,P)
such that (i) the value group of v is Γ and (ii) the residue division ring (Dv,Pv) is
order isomorphic to (k,Pk). This problem is interesting because, in effect, we are
constructing the “simplest” or in some sense the smallest noncommutative ordered
division ring.
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