Dutch auction the bid, and pays $10,000 for the car. Dutch auctions are a competitive alternative to a traditional auction, in which customers make bids of increasing value until nobody is willing to bid higher. Some financial commentators and some third-party auction sites use "Dutch auction" to refer to second-price auctions, which work differently from Dutch auctions. The United States Department of the Treasury, through the Federal Reserve Bank of New York (FRBNY), raises funds for the U.S. Government using a Dutch auction. The FRBNY interacts with primary dealers, including large banks and broker-dealers who submit bids on behalf of themselves and
Courage This idea relates back to Hobbes's idea that self-preservation is the most fundamental aspect of behavior. David Hume listed virtues into two categories in his work "A Treatise of Human Nature" as artificial virtues and natural virtues. Hume noted in the Treatise that courage is a natural virtue. In the Treatise's section "Of Pride and Humility, Their Objects and Causes", Hume clearly stated courage is a cause of pride: "Every valuable quality of the mind, whether of the imagination, judgment, memory or disposition; wit, good-sense, learning, courage, justice, integrity; all these are the cause of pride; and their opposites of