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Biggs constant: Difference between revisions
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[[File:Pale blue dot.jpg|450px|thumb|center|A [[Biggs hoson]], captured by Voyager 1 in 1991.]] | [[File:Pale blue dot.jpg|450px|thumb|center|A [[Biggs hoson]], captured by Voyager 1 in 1991.]] | ||
}}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. | }} | ||
===Origins=== | |||
A [[legal mark-up]] that reaches the [[Biggs threshold]] exactly, but does not exceed it for meaningfulness, is called a “[[Biggs hoson]]”. It is a highly unstable [[legal mark-up|markup]] and will quickly decay into pure levity, giving off copious quantities of entropic gas as it does so. | 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. | ||
===[[Biggs hoson]]=== | |||
A [[legal mark-up]] that reaches the [[Biggs threshold]] exactly, but does not exceed it for meaningfulness, is called a “[[Biggs hoson]]”. It is a highly unstable [[legal mark-up|markup]] and will quickly decay into pure levity, giving off copious quantities of entropic gas as it does so. This too was first isolated by Professor Biggs. Having derived the [[Biggs constant]] from a set of [[Mourant equations]], Biggs used the constant to calculate the smallest possible size for a forensically significant jurisprudential particle, and recreated it briefly in his lab in Cabot square in 1997. | |||
===Relevance in contemporary theoretical finance=== | |||
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*The [[Fish principle]] | *The [[Fish principle]] | ||