as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
simplify the following definition: 
"the magnitude of an earthquake is a measure of the energy released during the event and is based on the amplitude of the waves recorded on a seismograph."
user
an earthquake's magnitude is its intensity, based on seismic waves.
assistant