We present a critical reappraisal of the available results on the broken
phase of theory, as obtained from rigorous formal analyses
and from lattice calculations. All the existing evidence is compatible with
Spontaneous Symmetry Breaking but dictates a trivially free shifted field that
becomes controlled by a quadratic hamiltonian in the continuum limit. As
recently pointed out, this implies that the simple one-loop effective potential
should become effectively exact. Moreover, the usual naive assumption that the
Higgs mass-squared is proportional to its renormalized'' self-coupling $\lambda_R$ is not valid outside perturbation theory: the appropriate continuum limit has $m_h$ finite and vanishing $\lambda_R$. A Monte Carlo lattice computation of the $\lambda(\Phi^4)_4$ effective potential, both in the single-component and in the O(2)-symmetric cases, is shown to agree very well with the one-loop prediction. Moreover, its perturbative leading-log improvement (based on the concept of $\lambda_R$) fails to reproduce the Monte Carlo data. These results, while supporting in a new fashion the peculiar triviality’’ of the theory, also imply that, outside
perturbation theory, the magnitude of the Higgs mass does not give a measure of
the observable interactions in the scalar sector of the standard model.

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