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Nobel Prize

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Instituted by the final will of Alfred Nobel, the inventor of dynamite, the Nobel Prize is an award given to people who have done outstanding research, invented groundbreaking techniques or equipment or made outstanding contributions to society. The first ceremony to award the Nobel Prize was held at the Old Royal Academy of Music in Stockholm in 1901; beginning in 1902, the prizes have been formally awarded by the King of Sweden.

A large monetary award is included with the Nobel Prize, currently 10 million Swedish kronor (slightly more than one million euro), and is intended to allow the person to continue working/researching without the pressures of raising money for the research/work.

Nobel Prizes have been given yearly since 1901 for achievements in:

In 1968, the Bank of Sweden (Sveriges Riksbank) instituted the prize in Economic Sciences in Memory of Alfred Nobel, while not formally a Nobel prize is generally regarded as such:

At that time, the decision was made not to add any more prizes in the future.

See also Swedish Academy, Alternative Nobel Prize.

Miscellaneous

For other disciplines, there are prizes that are deemed equivalent to the Nobel Prize, such as the Fields Medal in mathematics, and the Wollaston Medal in Geology.

There is also a parody of the Nobel Prize, the IgNobel Prize, which is awarded annually to honor achievements which "cannot or should not be reproduced."

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