The real wordsTheory
Degree centrality
Undirected: C_D(i) = d(i) / (n - 1)
Directed: C'_D(i) = d_out(i) / (n - 1)
d(i) is the node's degree, the number of edges at it; n is the number of nodes, so n - 1 is the most neighbours anyone could have. The result is therefore a fraction between 0 and 1.
What it finds: very connected, popular individuals; people likely to hold most information; people who can quickly connect with the wider network. In and out degree are worth reporting separately for transactional data.