[java] Why would one mark local variables and method parameters as "final" in Java?

In the case of local variables, I tend to avoid this. It causes visual clutter, and is generally unnecessary - a function should be short enough or focus on a single impact to let you quickly see that you are modify something that shouldn't be.

In the case of magic numbers, I would put them as a constant private field anyway rather than in the code.

I only use final in situations where it is necessary (e.g., passing values to anonymous classes).