Title: The Nature of Short-Hard Gamma-Ray Bursts Derek Fox Penn State Abstract: I will discuss the revolution in our understanding of short-hard gamma-ray bursts that has been provoked by the discovery of the first afterglows of these elusive events. The existence of the short bursts as a distinct population was first suggested in 1974, and confirmed in 1993. Until 2005, however, the afterglow revolution that revealed the origins of long-duration gamma-ray bursts in the deaths of massive stars had passed the short bursts by. With twelve afterglows and multiple redshifts now in-hand, the short bursts are revealed as a cosmological phenomenon, like their long-duration counterparts. Compared to long bursts, however, short bursts are less energetic, lower-redshift explosions produced by a much longer-lived progenitor, and lack associated supernovae to very deep limits. I will review the viable models for these cosmic explosions, and derive quantitative constraints on the local rate and progenitor lifetimes of short bursts by placing the recent events in the context of the full BATSE burst catalog (1991-2000). If the short bursts are produced by compact object merger events, these constraints translate directly into event rate estimates for LIGO, VIRGO, and future ground- based gravitational-wave detectors.