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🔗 Economics 🔗 Game theory

A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items, without knowing the bids of the other bidders. The auction system assigns the items in a socially optimal manner: it charges each individual the harm they cause to other bidders. It gives bidders an incentive to bid their true valuations, by ensuring that the optimal strategy for each bidder is to bid their true valuations of the items. It is a generalization of a Vickrey auction for multiple items.

The auction is named after William Vickrey, Edward H. Clarke, and Theodore Groves for their papers that successively generalized the idea.

The VCG auction is a specific use of the more general VCG Mechanism. While the VCG auction tries to make a socially optimal allocation of items, VCG mechanisms allow for the selection of a socially optimal outcome out of a set of possible outcomes. If collusion is likely to occur among bidders, the VCG outperforms the generalized second-price auction for both revenues produced for the seller and allocative efficiency.

🔗 Philosophy 🔗 Skepticism

The motte-and-bailey fallacy (named after the motte-and-bailey castle) is a form of argument and an informal fallacy where an arguer conflates two positions which share similarities, one modest and easy to defend (the "motte") and one much more controversial (the "bailey"). The arguer advances the controversial position, but when challenged, they insist that they are only advancing the more modest position. Upon retreating to the motte, the arguer can claim that the bailey has not been refuted (because the critic refused to attack the motte) or that the critic is unreasonable (by equating an attack on the bailey with an attack on the motte).

🔗 Biography 🔗 Germany 🔗 Visual arts

The Master of the Playing Cards (German: Meister der Spielkarten) was the first major master in the history of printmaking. He was a German (or conceivably Swiss) engraver, and probably also a painter, active in southwestern Germany – probably in Alsace, from the 1430s to the 1450s, who has been called "the first personality in the history of engraving."

Various attempts to identify him have not been generally accepted, so he remains known only through his 106 engravings, which include the set of playing cards in five suits from which he takes his name. The majority of the set survives in unique impressions, most of which are in the Kupferstich-Kabinett in Dresden and the Bibliothèque nationale de France in Paris. A further 88 engravings are regarded as sufficiently close to his style to be by his pupils.

🔗 Ships

CS Alert, or HMTS Alert, was a cable-laying ship that had a significant role in World War I. She was launched in 1871 for the Submarine Telegraph Company with the name The Lady Carmichael. In 1890 the ship was acquired by the General Post Office (GPO) as part of the nationalisation of the British telegraph network. At the outbreak of World War I, Alert was immediately dispatched to cut German telegraph cables in the English Channel, seriously damaging Germany's ability to securely communicate with the rest of the world. Alert was taken out of service as a cable ship in 1915 but her cable-handling gear was retained for fitting on her replacement. After the war, she worked as a merchant ship under various names, finally being wrecked at Redcar under the name Norham in 1932.

🔗 Mathematics

In geometry, the problem of dividing a circle into areas by means of an inscribed polygon with n sides in such a way as to maximise the number of areas created by the edges and diagonals, sometimes called Moser's circle problem, has a solution by an inductive method. The greatest possible number of regions, r_G = ( ⁿ
₄ ) + ( ⁿ
₂ ) + 1, giving the sequence 1, 2, 4, 8, 16, 31, 57, 99, 163, 256, ... (OEIS: A000127). Though the first five terms match the geometric progression 2^{n − 1}, it diverges at n = 6, showing the risk of generalising from only a few observations.

🔗 United States 🔗 Politics 🔗 Politics/American politics 🔗 Elections and Referendums 🔗 United States/U.S. presidential elections

The 1876 United States presidential election was the 23rd quadrennial presidential election, held on Tuesday, November 7, 1876, in which Republican nominee Rutherford B. Hayes faced Democrat Samuel J. Tilden. It was one of the most contentious and controversial presidential elections in American history, and gave rise to the Compromise of 1877 by which the Democrats conceded the election to Hayes in return for an end to Reconstruction and the withdrawal of federal troops from the South. After a controversial post-election process, Hayes was declared the winner.

After President Ulysses S. Grant declined to seek a third term despite previously being expected to do so, Congressman James G. Blaine emerged as the front-runner for the Republican nomination. However, Blaine was unable to win a majority at the 1876 Republican National Convention, which settled on Governor Hayes of Ohio as a compromise candidate. The 1876 Democratic National Convention nominated Governor Tilden of New York on the second ballot.

The results of the election remain among the most disputed ever. Although it is not disputed that Tilden outpolled Hayes in the popular vote, after a first count of votes, Tilden had won 184 electoral votes to Hayes's 165, with 20 votes from four states unresolved: in Florida, Louisiana, and South Carolina, each party reported its candidate had won the state, while in Oregon, one elector was replaced after being declared illegal for being an "elected or appointed official". The question of who should have been awarded these electoral votes is the source of the continued controversy.

An informal deal was struck to resolve the dispute: the Compromise of 1877, which awarded all 20 electoral votes to Hayes; in return for the Democrats' acquiescence to Hayes' election, the Republicans agreed to withdraw federal troops from the South, ending Reconstruction. The Compromise in effect ceded power in the Southern states to the Democratic Redeemers, who proceeded to disenfranchise black voters thereafter.

The 1876 election is the second of five presidential elections in which the person who won the most popular votes did not win the election, but the only such election in which the popular vote winner received a majority (rather than a plurality) of the popular vote. To date, it remains the election that recorded the smallest electoral vote victory (185–184), and the election that yielded the highest voter turnout of the eligible voting age population in American history, at 81.8%. Despite not becoming president, Tilden was the first Democratic presidential nominee since James Buchanan in 1856 to win the popular vote and the first since Franklin Pierce in 1852 to do so in an outright majority (In fact, Tilden received a slightly higher percentage than Pierce in 1852, despite the fact that Pierce won in a landslide).

🔗 United States 🔗 Economics 🔗 Politics

American decline is a term used by various analysts to describe the diminishing power of the United States geopolitically, militarily, financially, economically, socially, and in health and the environment. There has been a debate between declinists, those who believe America is in decline, and exceptionalists, those who feel America is immortal.

Some analysts say that the U.S. was in decline long before Donald Trump ran for presidency; becoming the first presidential candidate to promote the idea that the U.S. was in decline. While others suggest the decline either stems from or has accelerated with Trump's foreign policy and the "country’s ongoing withdrawal from the global arena." According to Noam Chomsky, America's decline started at the end of WWII, dismissing the "remarkable rhetoric of the several years of triumphalism in the 1990s" as "mostly self-delusion".

Gallup's pollsters recently reported that worldwide approval of U.S. leadership has plunged from 48% in 2016 to a record low of 30% in 2018, in part due to the increasingly isolationist stances of Donald Trump. This drop places the U.S. a notch below China's 31% and leaving Germany as the most popular power with an approval of 41%. Michael Hudson describes financial pillar as paramount, resulting from bank-created money with compound interest and the inbuilt refusal to forgive debts as the fatal flaw.

China's challenging the U.S. for global predominance constitutes the core issue in the debate over the American decline.

🔗 Technology 🔗 Internet 🔗 Computing 🔗 Computing/Networking

An email address identifies an email box to which email messages are delivered. A wide variety of formats were used in early email systems, but only a single format is used today, following the specifications developed for Internet mail systems since the 1980s. This article uses the term email address to refer to the addr-spec defined in RFC 5322, not to the address that is commonly used; the difference is that an address may contain a display name, a comment, or both.

An email address such as John.Smith@example.com is made up of a local-part, an @ symbol, then a case-insensitive domain. Although the standard requires the local part to be case-sensitive, it also urges that receiving hosts deliver messages in a case-independent fashion, e.g., that the mail system at example.com treat John.Smith as equivalent to john.smith; some mail systems even treat them as equivalent to johnsmith. Mail systems often limit their users' choice of name to a subset of the technically valid characters, and in some cases also limit which addresses it is possible to send mail to.

With the introduction of internationalized domain names, efforts are progressing to permit non-ASCII characters in email addresses.

🔗 Biography 🔗 California 🔗 California/San Francisco Bay Area 🔗 Apple Inc. 🔗 Biography/science and academia 🔗 LGBT studies

Ronald Wayne (born May 17, 1934) is a retired American electronics industry businessman. He co-founded Apple Computer Company (now Apple Inc.) as a partnership with Steve Wozniak and Steve Jobs, providing administrative oversight and documentation for the new venture. Twelve days later, he sold his 10% share of the new company back to Jobs and Wozniak for US$800, and one year later accepted a final US$1,500 to forfeit any potential future claims against the newly legally incorporated Apple, totaling $2,300.

🔗 New Zealand 🔗 Antarctica

The McMurdo Dry Valleys are a row of largely snow-free valleys in Antarctica, located within Victoria Land west of McMurdo Sound. The Dry Valleys experience extremely low humidity and surrounding mountains prevent the flow of ice from nearby glaciers. The rocks here are granites and gneisses, and glacial tills dot this bedrock landscape, with loose gravel covering the ground. It is one of the driest places on Earth and has not seen rain for nearly 2 million years.

The region is one of the world's most extreme deserts, and includes many features including Lake Vida, a saline lake, and the Onyx River, a meltwater stream and Antarctica's longest river. Although no living organisms have been found in the permafrost here, endolithic photosynthetic bacteria have been found living in the relatively moist interior of rocks, and anaerobic bacteria, with a metabolism based on iron and sulfur, live under the Taylor Glacier.