We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
Nathan MyhrvoldIf you had a really good - battery, it wouldn't matter that the sun goes down at night and the wind stops blowing sometimes. But at the moment, battery technology is nowhere near good enough to use at utility scale.
Nathan MyhrvoldThe scientific method is the ultimate elegant explanation. It is the ultimate foundation for anything worthy of the name "explanation". It makes no sense to talk about explanations without having a process for deciding which are right and which are wrong, and in a broad sense that is what the scientific method is about. All of the other wonderful explanations celebrated here owe their origin and credibility to the process by which they are verified-the scientific method.
Nathan MyhrvoldIt is better to predict dramatic things that don't happen than boring things that do.
Nathan MyhrvoldWine lovers have known for centuries that decanting wine before serving it often improves its flavor. Whatever the dominant process, the traditional decanter is a rather pathetic tool to accomplish it. A few years ago, I found I could get much better results by using an ordinary kitchen blender.
Nathan Myhrvold