Wireless in the Mountains

Tuesday, February 24th, 2009

I remember reading about Nepal’s not-so-local area network years ago, but it’s still an amazing story:

With no telephone line, no way of funding a satellite phone link, and with the country in the grip of insurgency, Mahabir realized that to bring 21st-century communications facilities to his village, he would have to leapfrog the conventional technology route. In 2001 he wrote to a BBC radio show asking for help in using the recently developed home-WiFi technology to connect his village to the internet. Intrigued listeners emailed with advice and offers of assistance.

Backpacking volunteers from around the world smuggled in wireless equipment from the US and Britain after the Nepalese government banned its import and use during the insurgency, and suspicious Maoist rebels tried to destroy it. By 2003, with all the parts in place, Mahabir had linked Nangi to its nearest neighbour, Ramche, installed a solar-powered relay station (TV antennae fixed to a tall tree on a mountain peak) and from there sent the signal more than 20 kilometers away to Pokhara, which had a cable-optic connection to Kathmandu, the capital. Nangi was online.

Mahabir says he used a home WiFi kit from America that was recommended for use within a radius of 4 meters. “I emailed the company and told them that I had done 22 kilometers with it,” he says. “I was hoping they might donate some equipment?—?but they didn’t believe what I told them.”

More than 40 other remote mountain villages (60,000 people) have now been networked and connected to the internet by Mahabir and his stream of enthusiastic volunteers, and many more are in the pipeline. The villagers are now able to communicate with people in other villages and even with their family members abroad by email and using VOIP (voice over internet protocol) phones, he says. Using the local VOIP system, they can talk for free within the village network.

As we embark on another full day’s climb up to Relay No. 1 with spare parts to fix a broken component, Mahabir explains that email and phones are simply the means of achieving his goal of providing better education, health facilities, and an income to villagers. It’s already working: Mahabir’s “teleteaching” network allows the few good teachers in the region to train others and to provide direct instruction to students in any connected village school. Children surfing the net are learning about a whole world of opportunity outside of their isolated village. And Mahabir is developing an e-library of educational resources that will be free to use.

The technology has improved commerce, allowing yak farmers several days’ walk away to talk to dealers and their families, and enabling people to sell everything from buffalo to homemade paper, jams, and honey. And the villages, many located on beautiful but little-visited trekking routes by the Annapurna range of mountains, are advertising their facilities for tourists. “We are setting up secure credit-card transaction facilities using the internet so that more tourists will come and provide an income stream to help finance the education and health projects,” Mahabir says.

Telemedicine, via webcam, is now linking village clinics with a teaching hospital in Kathmandu. And nurses are getting trained in reproductive medicine and child care.

Scenes from Mixed Martial Arts

Tuesday, February 24th, 2009

Eric Reynolds is an older fellow who’s studied a few martial arts and has recently started MMA. While rolling with a younger, more experienced grappler, he found that he was strong enough to deny the arm-bar pretty effortlessly — like the Crusher, playing solitaire, while Bugs Bunny tries desperately to twist his leg.

He’ll get his comeuppance at some point, I’m sure, but I have to agree with this observation from his Scenes from Mixed Martial Arts:

He tried it again about thirty seconds later; same result. I was fine with that; any time you can get your opponent to expend energy to no purpose it’s a win. I’ve found that, especially in fighting younger guys filled with testosterone and a need to prove something, it’s good strategy to deadweight on them — let them expend energy, let them pull moves that don’t actually get a submission, and use my torso mass as much as possible to drag on them and make them tired.

You don’t necessarily get physical submission that way, but you can get psychological collapse of the will to fight surprisingly often. The younger they are, the faster that tends to happen. Post-adolescents have good wind and physical stamina but, as a rule, their will is weak. Or perhaps “brittle” would be a better adjective; they lack mental toughness, what chessplayers call sitzfleisch.

From Monarchy to Chaos to Totalitarianism

Tuesday, February 24th, 2009

Societies often go from monarchy to chaos to totalitarianism, Curzon notes:

It should be clear to regular readers, from my posts on Nepal, Georgia, and America, that I am a constitutional monarchist. I believe that a constitutional monarch, often weilding great theoretical power or constitutionally designated as a national symbol, can play a great role in stabilizing a nation during difficult times. Or as conservative journalist Peter Hitchens once said:
I think [a monarch] is an essential part of a balanced constitution in much the same way that the king is an essential part of the game of chess. He doesn’t actually do very much, but by occupying his square, he prevents others from occupying it. I think the history of most countries… which haven’t had monarchies or which have gotten rid of monarchies, suggest that once they’ve gone and politicians start seeking the kind of loyalty and love which monarchs enjoy, you get very serious political problems, and often you get an end to democracy.

That may sound farfetched to an ahistorical citizen of the 21st century. Monarchy today is viewed by many as a backwards entitlement regime, giving benefits to undeserving aristocrats at the expense of hardworking, ordinary people, with no basis other than outdated history. But history shows that Peter is right. The abolition of a nation’s monarchy is regularly followed by a distinct pattern, a steady progression from a politically stable monarchy, followed by a quasi-democratic chaos, consolidated only through brutal totalitarianism. This slow pattern, typically taking 6-12 years, has been startingly reliable in a number of countries regardless of region over the past two centuries.

He cites France, Russia, Cambodia, Afghanistan, and Ethiopia as examples.

Running a pipe from the limpid spring of academia to the dank sewer of American democracy

Tuesday, February 24th, 2009

The politics of the Gilded Age were undeniably corrupt — Mark Twain dubbed the whole thing the Great Barbecue — and the progressives of the era — intellectuals like historian Charles Francis Adams, Jr. and the Mugwumps — hoped for a better system:

What Adams and the Mugwumps are asking for is no less than the creation of a new power structure, a “lofty rostrum,” which is above democracy — which supersedes mere politics, which makes decisions and policies much as Adams and his friends would have — in the light of reason and science, the “calm lessons of history,” not the mad psychological battlefield of the torchlight election parade.

The result is our Modern Structure [of power], of course. The dream made real. The Mugwumps won. Yet somehow, all the diseases Adams diagnoses seem worse then ever. What happened?

What happened is that Adams and his friends, as members of an aristocratic intellectual caste, true Platonic guardians, Harvard-bred heirs to the American dream, had been disempowered. Sidelined, in fact, by grubby street politics of a distinctly Hibernian flavor. This could not have been expected to make them happy. It did, however, render them pure — because even if the Carl Schurzes of the world had been inclined to corruption, which they were not, competing with the James G. Blaines of the world in that department was simply out of the question.

So the Mugwumps believed that, by running a pipe from the limpid spring of academia to the dank sewer of American democracy, they could make the latter run clear again. What they might have considered, however, was that there was no valve in their pipe. Aiming to purify the American state, they succeeded only in corrupting the American mind.

When an intellectual community is separated from political power, as the Mugwumps were for a while in the Gilded Age, it finds itself in a strange state of grace. Bad ideas and bad people exist, but good people can recognize good ideas and good people, and a nexus of sense forms. The only way for the bad to get ahead is to copy the good, and vice pays its traditional tribute to virtue. It is at least reasonable to expect sensible ideas to outcompete insane ones in this “marketplace,” because good sense is the only significant adaptive quality.

Restore the connection, and the self-serving idea, the meme with its own built-in will to power, develops a strange ability to thrive and spread. Thoughts which, if correct, provide some pretext for empowering the thinker, become remarkably adaptive. Even if they are utterly insane. As the Latin goes: vult decipi, decipiatur. Self-deception does not in any way preclude sincerity.

Ideas are not individuals. They do not organize, have meetings in beer halls, wear identically colored shirts, practise the goose step or chant in the streets. However, to ambitious people the combination of good and altruistic intended effects, with evil and self-serving actual effects, is eternally attractive. We can describe policies exhibiting this stereotype as Machiavellian.

The Modern Structure [of power] exhibits a fascinating quality which might be described as distributed Machiavellianism. [The US Government] under the Modern Structure enacts large numbers of policies (such as “affirmative action”) which are best explained in Machiavellian terms. However, there is no central cabal dictating Machiavellian strategies, and actors in the Structure do not feel they are pursuing evil or experience any pangs of conscience.

Under this pattern, the intended effect of the policy is to inflict some good or other on America, the rest of the world, or both. The actual effect of the policy is to make the problem which requires the policy worse, the apparatus which formulates and applies the policy larger and more important, etc, etc. In other words, the adaptive purpose of the actors is to maximize their own share of sovereignty. The side effects are at least parasitic, and at worst far worse.

Most people’s share of sovereignty is zero. However, many aspire to make policy who will never get there, just as many aspire to play in the NBA. Since Machiavellian thinking tends to become the corporate culture of all powerful institutions, and since the ambitious naturally tend to emulate the thinking of the powerful, the natural perspective of the ambitious becomes Machiavellian. In a meritocratic oligarchy, where power is open only to those who succeed in contests of intellectual strength, the natural perspective of the intelligent is Machiavellian.

In other words: Machiavellian ideas are adaptive in a competitive oligarchy, because they allow members of that oligarchy to feel good about themselves while in fact looking out for number one. However, if the same exact people are completely disconnected from power and have no chance of regaining it, these same ideas will dwindle and die out, their intrinsic stupidity soon revealing itself.

Just in time for Watchmen, Mencius re-raises the old question:

Once again, we see the failure to solve the quis custodiet problem. The classic mistake is to pass power to some new institution, already extant but hitherto uncorrupted. It appears worthy of power because it is worthy of power, being uncorrupted. However, it is uncorrupted only because it has not yet held power. Handed power, it becomes corrupt, and the problem repeats.

So it was not the intelligence or education of the Mugwumps that shielded them from the corruption of power, but solely their (temporary) irrelevance. When that irrelevance was reversed, the consequence was a new system of government by deception — the Modern Structure — which is not, unlike the coarse populist mendacity of the Gilded Age, transparent to anyone of any intelligence or education.

The Modern Structure is just as sophisticated as Charles Francis Adams, Jr., and no less slippery, mendacious or corrupt than James G. Blaine. It is subject to all the woes of the system it replaced, but its new system of deception is impenetrable enough to convince even most of the most intelligent that up is actually down. It is, in short, a perfect disaster.

Laser-Powered Aircraft Are The Future of Flight. Maybe

Monday, February 23rd, 2009

Laser-Powered Aircraft Are The Future of Flight. Maybe:

Myrabo first got the idea in 1988 while working on the “Star Wars” anti-missile shield. He calls it LightCraft, a funnel-shaped craft with a parabolic reflector. It channels the heat generated by a laser into its center, heating the air to about 30,000 degrees and causing the it to explode, generating thrust. Small jets of pressurized nitrogen spin the LightCraft at 6,000 RPM to maintain stability.

It was all just theoretical research — which the U.S. Air Force, NASA and the Strategic Defense Initiative provided $600,000 to help finance — until 1997. That’s when Myrabo, working with the U.S. Army at the White Sands Missile Range in New Mexico, propelled a small LightCraft prototype (pictured at right with Tregenna Myrabo, business manager of Lightcraft Technologies; it was 6 inches long and weighed 2 ounces) 50 feet into the air. Another test in 2000 using a 10-kilowatt pulsed-carbon-dioxide laser saw the LightCraft climb to 233 feet during a 12.7-second flight. That’s not very high or very long, but then Robert Goddard’s first liquid-fueled rocket climbed just 41 feet during a 2.5-second flight.

Myrabo reportedly has made more than 140 test flights using small prototypes. He isn’t the only one exploring this field, either. Five years ago, NASA joined Tim Blackwell, a researcher at the Center for Applied Optics at the University of Alabama in Huntsville, in using laser propulsion to power a small model airplane. Researchers at the University of Tokyo have used a laser to propel a tiny airplane and detailed their findings in the journal Applied Physics Letters in 2002. Myrabo says he’s especially excited about tests being conducted cooperatively between the U.S. and Brazilian air forces; those tests, he says, are being done at greater power than any before.

Lasers remain the sticking point; even the most powerful laser is capable of only a modest test flight. But Myrabo is confident we’ll have that problem licked before long.

This seems like a better idea for powering a traffic helicopter or airship than a supersonic — pardon, hypersonic — transport.

What’s cooking?

Monday, February 23rd, 2009

What’s cooking? The driver of evolution, says Richard Wrangham, of Harvard:

Cooking alters food in three important ways. It breaks starch molecules into more digestible fragments. It “denatures” protein molecules, so that their amino-acid chains unfold and digestive enzymes can attack them more easily. And heat physically softens food. That makes it easier to digest, so even though the stuff is no more calorific, the body uses fewer calories dealing with it.

In support of his thesis, Dr Wrangham, who is an anthropologist, has ransacked other fields and come up with an impressive array of material. Cooking increases the share of food digested in the stomach and small intestine, where it can be absorbed, from 50% to 95% according to work done on people fitted for medical reasons with collection bags at the ends of their small intestines. Previous studies had suggested raw food was digested equally well as cooked food because they looked at faeces as being the end product. These, however, have been exposed to the digestive mercies of bacteria in the large intestine, and any residual goodies have been removed from them that way.

Another telling experiment, conducted on rats, did not rely on cooking. Rather the experimenters ground up food pellets and then recompacted them to make them softer. Rats fed on the softer pellets weighed 30% more after 26 weeks than those fed the same weight of standard pellets. The difference was because of the lower cost of digestion. Indeed, Dr Wrangham suspects the main cause of the modern epidemic of obesity is not overeating (which the evidence suggests — in America, at least — is a myth) but the rise of processed foods. These are softer, because that is what people prefer. Indeed, the nerves from the taste buds meet in a part of the brain called the amygdala with nerves that convey information on the softness of food. It is only after these two qualities have been compared that the brain assesses how pleasant a mouthful actually is.

Who will watch the Watchmen smoke?

Monday, February 23rd, 2009

With Watchmen coming out soon, and with the recent development of the electronic cigarette, I thought some enterprising entrepreneur would introduce a look-alike product mimicking the harmless cigarette developed by the superhuman Doctor Manhattan.

But it looks like the movie won’t be providing free advertising after all. Who will watch the Watchmen smoke?

It’s no secret that Zack Snyder paid insane attention to the detail in Watchmen. We’ve seen full pages of Tijuana bibles, and a to-scale Gunga Diner recreation. But Laurie’s smokes are noplace to be seen. So we asked the OCD director himself, while he was doing press for Watchmen, why Ms. Laurie Juspeczyk has kicked her habit.

Where were Laurie’s smokes, Zack?

“Yeah, Alan hates smoking. Alan Horn — the head of the studio — that’s his biggest, biggest thing. The Comedian can smoke, because he might be a bad guy, he’s the bad guy, but that’s it. That was the line that he drew.”

But aren’t those kind of a small plot device for the character to watch her go on and off the wagon?

“I was sad, but it was either that or… the movie wouldn’t have been made, literally.”

(Hat tip to Jacob Grier via Reason.)

Startups in 13 Sentences

Monday, February 23rd, 2009

Paul Graham offers 13 sentences of wisdom for startups:

  1. Pick good cofounders.
    Cofounders are for a startup what location is for real estate. You can change anything about a house except where it is.
  2. Launch fast.
  3. Let your idea evolve.
  4. Understand your users.
  5. Better to make a few users love you than a lot ambivalent.
  6. Offer surprisingly good customer service.
  7. You make what you measure.
  8. Spend little.
  9. Get ramen profitable.
    “Ramen profitable” means a startup makes just enough to pay the founders’ living expenses.
  10. Avoid distractions.
    Nothing kills startups like distractions. The worst type are those that pay money: day jobs, consulting, profitable side-projects.
  11. Don’t get demoralized.
  12. Don’t give up.
  13. Deals fall through.

The Principal of Convenience

Monday, February 23rd, 2009

Bryan Caplan believes that Eliezer beautifully articulates the moral outrage he felt from the age of 3 to 18:

Another example would be the principal who, faced with two children who were caught fighting on the playground, sternly says:  “It doesn’t matter who started the fight, it only matters who ends it.”  Of course it matters who started the fight.  The principal may not have access to good information about this critical fact, but if so, he should say so, not dismiss the importance of who threw the first punch.  Let a parent try punching the principal, and we’ll see how far “It doesn’t matter who started it” gets in front of a judge.  But to adults it is just inconvenient that children fight, and it matters not at all to their convenience which child started it, it is only convenient that the fight end as rapidly as possible.

Apparently times have changed, and “tattling” is now encouraged.

The Crisis of Credit Visualized

Sunday, February 22nd, 2009

Jonathan Jarvis has produced a beautiful piece, The Crisis of Credit Visualized, as part of his thesis work for the Media Design Program at the Art Center College of Design in Pasadena, California:

Broadway By Night

Sunday, February 22nd, 2009

Charles Mackay, who is best known for his Extraordinary Popular Delusions, also wrote about his visit the States — he was from London — in Life and Liberty in America (vol. 1, vol. 2), which Mencius Moldbug considers mandatory reading:

His ideas are typical of a moderate English liberal at the time, which of course makes him wonderfully reactionary for now. I can’t imagine a better host.

My first response to Mackay’s travelogue is that the America he is writing about is, um, actually, alive. There is no sign of any tetrodotoxin. There are no zombie banks, zombie theaters, or even zombie politicians. If you absolutely have no time for anything beyond a sample, read Mackay’s chapter 3 — Broadway By Night.

What would you pay for a ticket to Broadway, 1859? Just to spend a night there? Imagine Mackay traveling to the New York of 2009. How is our Broadway by night? Not bad at all — by the standards of 2009. (And pretty damned good by the standards of 1979.)

I suspect he’d think Manhattan had been subjected to some kind of awful experiment in mass psychiatric medication. Everything has become grim, gray and slovenly. Not to mention that “life and property” are no longer anywhere near what Mackay would consider “very safe.” (Being a Londoner of the Victorian era, by “very safe” he means “completely safe” — the presence of a human predator on the streets being slightly more likely than that of an escaped leopard.)

And this is Broadway, then and now. Now, consider his description of St. Louis. What would Charles Mackay make of St. Louis today? What do you make of St. Louis today? (Or Detroit? Consider what this news crew found… in what was once America’s fourth largest city.) And then there’s Mackay’s New Orleans…

But there is another difference between 1859 and 2009: modern technology. We have it. They didn’t. So: imagine Mackay’s America, plus iPhones and satellites and nuclear power. Now you see the true measure of the gap. It’s a little like comparing America, 2009, to Belarus, 2009.

We’re All Fascists Now

Sunday, February 22nd, 2009

Michael Ledeen, author of Tocqueville on American Character, laments that most Americans no longer read Alexis de Tocqueville’s masterpiece, Democracy in America, which describes Americans so well and thus explains why we’re all fascists now — sort of:

Most of us imagine the transformation of a free society to a tyrannical state in Hollywood terms, as a melodramatic act of violence like a military coup or an armed insurrection. Tocqueville knows better. He foresees a slow death of freedom. The power of the centralized government will gradually expand, meddling in every area of our lives until, like a lobster in a slowly heated pot, we are cooked without ever realizing what has happened. The ultimate horror of Tocqueville’s vision is that we will welcome it, and even convince ourselves that we control it.

There is no single dramatic event in Tocqueville’s scenario, no storming of the Bastille, no assault on the Winter Palace, no March on Rome, no Kristallnacht. We are to be immobilized, Gulliver-like, by myriad rules and regulations, annoying little restrictions that become more and more binding until they eventually paralyze us.

Subjection in minor affairs breaks out every day and is felt by the whole community indiscriminately. It does not drive men to resistance, but it crosses them at every turn, till they are led to surrender the exercise of their own will. Thus their spirit is gradually broken and their character enervated…

The tyranny he foresees for us does not have much in common with the vicious dictatorships of the last century, or with contemporary North Korea, Iran, or Saudi Arabia. He apologizes for lacking the proper words with which to define it. He hesitates to call it either tyranny or despotism, because it does not rule by terror or oppression. There are no secret police, no concentration camps, and no torture. “The nature of despotic power in democratic ages is not to be fierce or cruel, but minute and meddling.” The vision and even the language anticipate Orwell’s 1984, or Huxley’s Brave New World. Tocqueville describes the new tyranny as “an immense and tutelary power,” and its task is to watch over us all, and regulate every aspect of our lives.

It covers the surface of society with a network of small complicated rules, minute and uniform, through which the most original minds and the most energetic characters cannot penetrate, to rise above the crowd.

We will not be bludgeoned into submission; we will be seduced. He foresees the collapse of American democracy as the end result of two parallel developments that ultimately render us meekly subservient to an enlarged bureaucratic power: the corruption of our character, and the emergence of a vast welfare state that manages all the details of our lives. His words are precisely the ones that best describe out current crisis:

That power is absolute, minute, regular, provident and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood: it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances: what remains, but to spare them all the care of thinking and all the trouble of living?

The metaphor of a parent maintaining perpetual control over his child is the language of contemporary American politics. All manner of new governmental powers are justified in the name of “the children,” from enhanced regulation of communications to special punishments for “hate speech;” from the empowerment of social service institutions to crack down on parents who try to discipline their children, to the mammoth expansion of sexual quotas from university athletic programs to private businesses. Tocqueville particularly abhors such new governmental powers because they are Federal, emanating from Washington, not from local governments. He reminds us that when the central government asserts its authority over states and communities, a tyrannical shadow lurks just behind. So long as local governments are strong, he says, even tyrannical laws can be mitigated by moderate enforcement at the local level, but once the central government takes control of the entire structure, our liberties are at grave risk.

(Hat tip à mon père.)

Watchmen is Awesome?

Sunday, February 22nd, 2009

Wil Wheaton has seen an early screening of Watchmen, and he declares it f—ing awesome — which, I must admit, surprised me. Director Zack Snyder had a couple interesting points to make in the Q&A:

He said that when he was in film school, he wanted to make movies out of everything, whether it was a pair of shoes, or a cup of coffee. When he read comics back then, he thought that it would be great to make some of them into movies. He singled out Dark Knight Returns and Sin City, but when he got to Watchmen, he said there was no way he would even attempt it.

Then the studio came to him after 300 and asked him to make the movie. He didn’t want to do it at first, partially because he was so afraid he’d screw it up, but also because the script was just horrible. It was set in the current day, it was about Doctor Manhattan going to Iraq, something about “The War on Terror” and was a PG-13 monstrosity that would be left open to a sequel. It was, in other words, exactly the kind of thing we’re so afraid the studios will do to things we love when they adapt them for film.

He said that the more he thought about it, though, the more he felt a responsibility to make it. He said something like, “If I made it, I had a chance to not screw it up. If I did screw it up, at least it was me who screwed it up. But if I let them take the script they showed me to someone else to screw up, it would have been my fault. So I had to make it.”

He also talked about how the studio kept trying to turn it into what he called a “PG-13 Superhero movie” and how he just refused to let that happen. He said that it was going to be rated R, there wouldn’t be this ending that they wanted which would make you go for f—’s sake, are you serious with that bullshit? It would be set in 1985, and it would be faithful to the book.

The merchandising machinery is already rolling, by the way, with figures and busts of the characters aimed at the comic-collecting geek crowd, but what caught my eye was the Watchmen lunch box with the Minutemen on the lid. Cute.

I have to wonder how mainstream audiences will receive a left-anarchist 80s period piece.

Very Gradual Change We Can Believe In

Saturday, February 21st, 2009

Not-So-Dutch Auction

Saturday, February 21st, 2009

Years ago, when Google tried its unorthodox style of IPO, the business press described it as a Dutch auction:

Google will be using something called a “Dutch auction.” It’s named after a process used in Holland to bid on flowers. Here’s how it works: You and everyone else makes a bid on what you would pay for a share Google stock and how many shares you would like. When all the bids are in, Google will allocate shares on a pro rata basis to anyone who has bid at or above the initial IPO price, which is set by a threshold price that Google will accept.

Only that’s not what a Dutch auction is:

A Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined reserve price (the seller’s minimum acceptable price) is reached. The winning participant pays the last announced price. This is also known as a “clock auction” or an open-outcry descending-price auction.

This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid. Theoretically, the bidding strategy and results of this auction are equivalent to those in a sealed first-price auction.

The Dutch auction is named for its best known example, the Dutch flower auctions.

The Google IPO was a kind of Vickrey auction:

A Vickrey auction is a type of sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. The auction was created by William Vickrey. This type of auction is strategically similar to an English auction, and gives bidders an incentive to bid their true value.

Apparently the OpenIPO methodology pioneered by WR Hambrecht + Co for Google was based on the public offering auction used for Treasury bills, which had somehow become known as a Dutch auction.

Ebay also uses the term this way, for an auction of multiple identical items, where all the winners pay the lowest winning bid.