What is the Nobel Prize?

Definition and Overview

The Nobel Prize is arguably one of the world's most prestigious accolades and is awarded annually to individuals and organizations that have made outstanding contributions in various fields including physics, chemistry, physiology or medicine, literature, peace, and economics.

Established in 1895 by the will of Swedish inventor and industrialist Alfred Nobel, the Nobel Prize serves to recognize and reward extraordinary achievements that have significantly benefited humanity.

Nomination and Selection Process

Nominations for the Nobel Prize can only be submitted by qualified individuals or institutions, such as university professors, members of national academies of sciences, and past Nobel laureates in the respective fields.

Once nominations are received, they are reviewed by specialized committees consisting of experts in each field. These committees evaluate the nominees' work, assess their contributions, and make recommendations to the Nobel Assembly, which ultimately selects the laureates.

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