How the Nobel Prize Works

Nobel Prizes are highly prestigious, valuable awards that have been given out to visionaries and pioneers in select fields since 1901. Tune in to find out more about the Nobel Prize in this episode of BrainStuff.

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Episode Transcript

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smart Happens. Hi Am Marshall Brain with today's question, how

(00:30):
does the Nobel Prize work? I mean, we hear about
these prizes on the news constantly, and they've been around forever.
Where did they actually come from? Six Nobel Prizes are
awarded each year in the areas of peace, chemistry, physics, medicine, literature,
and economics. The prizes are named after Alfred Noble, the

(00:52):
inventor of dynamite, who created the prizes in his will.
He donated a good portion of his estate to fund
the prizes, decided who would judge the winners of each award,
and also named the five prize categories. Economics was added
during the nineteen sixties. The Nobel Prizes are administered by
the Nobel Foundation and are awarded in the fall after

(01:14):
a rigorous selection process. The list of winners in the
different categories, especially physics and chemistry, is like a hall
of fame. For example, in physics, the winners include Albert Einstein,
Neil's Bore, Robert Milliken, Louis Victor de broglie Werner, Heisenberg,
and so on. It's a pretty prestigious list. Today, each

(01:37):
prize is valued at over a million dollars. The reason
it's such a big deal is because of the size
of the award and the fact that the award has
been given since nineteen o one, long enough that everyone
has heard about it. Be sure to check out our
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(02:21):
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