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04 June 2009

Random Ramblings to 19 June 2009

Body Mass Index (BMI)
A ratio which quickly indicates body mass. It is calculated by dividing the mass of the body (in kilograms) by the square of the height of it (in metres). A body's mass is considered normal under the BMI if it falls between 18.5 and 25; any less and it is considered underweight, while any more is considered either overweight or obese.

Foreign Currency Conversion Fee/International Service Assessment
The fee charged to credit card issuers by MasterCard and Visa respectively when a credit card transaction uses the global payments system to convert currency. For both companies, it is equal to 1% of the value of the transaction. Of course, the credit card issuer can pass this fee on (and add up to 2 extra percentage points onto it) to the cardholder.

Icosahedron
A solid figure with exactly 20 faces. In particular, a regular icosahedron is an icosahedron with faces of equilateral triangles. It belongs to a family of solids called the Platonic solids. A d20 die is in the shape of a regular icosahedron.


A model of a regular icosahedron made of toothpicks and Blu-Tack.

Pyrite
A mineral consisting of iron disulphide (FeS2). It has a lustrous brass-yellow colour and has been mistaken for gold (hence it it also known as fool's gold). Its molecules align to form an isometric crystal system. When struck against steel it creates sparks, hence its name's etymology of the Greek word for fire.

Res judicata
Translates to "something decided" from Latin. It is a principle in civil law stating that a single court case (in governments with a court system) may be heard and decided only once. It emphasises the finality in such litigation and avoids the problem of a defendant's being sued multiple times for the same matter. Criminal law has a similar principle of double jeopardy, where the defendant cannot be tried multiple times for the same crime.

Tragedy of the commons
A theory relating to resources that are freely available but can deplete (or "the commons", the British expression for open pastures). It states that such resources will continue to be exploited until it becomes fully depleted). It is a tragedy because the rational use of private cost-benefit analysis (where every individual has different of costs and benefits of using the resource) will produce such undesirable consequences. Hence support for the concepts of ownership and private property, in such a case cost-benefit analysis will be uniformly applied.

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