2-limits and 2-terminal objects are too different

Abstract

In ordinary category theory, limits are known to be equivalent to terminal objects in the slice category of cones. In this paper, we prove that the 2-categorical analogues of this theorem relating 2-limits and 2-terminal objects in the various choices of slice 2-categories of 2-cones are false. Furthermore we show that, even when weakening the 2-cones to pseudo- or lax-natural transformations, or considering bi-type limits and bi-terminal objects, there is still no such correspondence.