All you need to know about Nobel Prizes

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BAGHDAD – Yasin Safwan – The awards mean new faces will be added to the list of scholars, writers, economists and human rights leaders from around the world.

Here are five things to know about the six prestigious awards.

Who created the Nobel Prizes?

The prizes in medicine, physics, chemistry, literature and peace were created by the will of Alfred Nobel, a wealthy Swedish industrialist and inventor of dynamite. The first prize was awarded in 1901, five years after Nobel’s death.

Each prize is worth 10 million kroner (approximately $900,000) and will be awarded at a ceremony and accompanied by a certificate and a gold medal on December 10, 1896, the date of Nobel’s death.

The Economics Prize – officially known as the “Bank of Sweden Prize in Memory of Alfred Nobel in Economic Sciences”, was established in 1968 by the Swedish Central Bank, not Alfred Nobel.

Between 1901 and 2021, Nobel Prizes and Prizes in Economics were awarded 609 times.

Who knows who will win and why?

Nobel rules prevent the panel of judges from disclosing details of their deliberations for the next 50 years. So it will be a while before we know for sure what the referees based their 2022 selections on and who was on their shortlist.

Judges try hard not to drop hints about winners before the announcement, but some nominees are traded, and bookmakers in Europe sometimes offer odds on winners of the Nobel Prize in Literature and the Peace Prize.

Who can nominate for the award?

Thousands of people around the world are eligible to submit nominations for Nobel Prizes. It includes university professors, legal experts, former Nobel laureates and members of the committee themselves.

Although nominations are kept secret for 50 years, those who submit them sometimes announce their proposals publicly, particularly for the Nobel Peace Prize.

What does the Swedish award have to do with Norway?

The Nobel Peace Prize is awarded in Norway, while the other prizes are awarded in Sweden, which Alfred Nobel wanted.

Although the exact reasons for his choice are unclear, during his lifetime Sweden and Norway joined the union, which was dissolved in 1905. Relations between the Nobel Foundation in Stockholm, which controls the prize money, and the independent Peace Prize Committee have at times been strained. in Oslo

What does it take to win a Nobel Prize?

Scientists often wait decades for their work to be recognized by Nobel judges, who want to ensure that any breakthroughs stand the test of time.

This is somewhat of a departure from Nobel’s wishes, which stated that the prize should be awarded “to those who, in the preceding year, have rendered the greatest benefit to mankind”.

The Peace Prize Committee is the only one that regularly awards awards for achievements in the previous year.

Mojtaba Sadira

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