  Much of progress in gamma-ray bursts has come from the studies of distant
events (redshift z~1). The brightest GRBs are the most collimated events and
seen across the Universe due to their brilliance. It has long been suspected
that nearest (and most common) events have been missed because they are not so
collimated or under-energetic or both. Here we report soft gamma-ray
observations of GRB 031203, the nearest event to date (z=0.106). This event
with a duration of 40 s and peak energy of >190 keV appears to be a typical
long duration GRB. However, the isotropic gamma-ray energy <~10^50 erg, about
three orders of magnitude smaller than the cosmological population. This event
as well as the other nearby but somewhat controversial event GRB 980425 are
clear outliers for the much discussed isotropic-energy peak-energy relation and
luminosity spectral-lag relations. Radio calorimetry shows that both these
events are under-energetic explosions. We conclude that there does indeed exist
a large population of under-energetic events.
