Biggs constant: Difference between revisions
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===Origins=== | ===Origins=== | ||
The [[Biggs constant]] (also known as the “[[Biggs threshold]]”, the “[[Biggs minimum]]”, and the “[[Biggs point]]” after British financial naturalist [[J. M. F. Biggs|John Meriwether Fortescue “Jack” Biggs]]) is the point at which incremental [[legal mark-up]] can not make ''less'' of a difference to the juridical content of a passage without making ''none at all''. It is the point ''just before'' the one at which the last guttering flicker of one’s plausible contribution to the forward momentum of a [[transaction]] is snuffed into a curlicue of waxen smoke; the final instant before the tiny pale blue dot of one’s personal justification for even bothering to show up is finally subsumed utterly into the awesome grandeur of the [[negotiation]]al cosmos. | The [[Biggs constant]] (also known as the “[[Biggs threshold]]”, the “[[Biggs minimum]]”, and the “[[Biggs point]]” after British financial naturalist [[J. M. F. Biggs|John Meriwether Fortescue “Jack” Biggs]]) is the point at which incremental [[legal mark-up]] can not make ''less'' of a difference to the juridical content of a passage without making ''none at all''. It is the point ''just before'' the one at which the last guttering flicker of one’s plausible contribution to the forward momentum of a [[transaction]] is snuffed into a curlicue of waxen smoke; the final instant before the tiny pale blue dot of one’s personal justification for even bothering to show up is finally subsumed utterly into the awesome grandeur of the [[negotiation]]al cosmos. | ||
===Relevance in contemporary theoretical finance=== | ===Relevance in contemporary theoretical finance=== | ||
{{bold full stop}} | {{bold full stop}} | ||
===[[Biggs hoson]]=== | |||
Since 1997, any [[legal mark-up]] that reaches the [[Biggs threshold]] exactly, but does not exceed it for meaningfulness, the smallest possible size for a forensically significant jurisprudential particle has been known as a “[[Biggs hoson]]”. Being a highly unstable [[legal mark-up|markup]] the hoson is rarely seen outside laboratory conditions and will quickly decay into levity, giving off copious quantities of entropic gas in the process. | |||
{{sa}} | {{sa}} | ||
*The [[Fish principle]] | *The [[Fish principle]] |