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Quote by Nathan Myhrvold

“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.”

Quote by Nathan Myhrvold

Author

Nathan Myhrvold

Nathan Myhrvold is an American computer scientist, entrepreneur, and author. He is recognized for his contributions to artificial intelligence and his role in co-founding Microsoft. Myhrvold has been involved in various business ventures, serving as the CEO of Intellectual Ventures. more

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