Speaker 1: Welcome to Brainstuff from house Stuff Works dot com where
Speaker 1: smart happens. Hi Am Marshall Brain with today's question, how
Speaker 1: does the Nobel Prize work? I mean, we hear about
Speaker 1: these prizes on the news constantly and they've been around forever.
Speaker 1: Where did they actually come from? Six Nobel Prizes are
Speaker 1: awarded each year in the areas of peace, chemistry, physics, medicine, literature,
Speaker 1: and economics. The prizes are named after Alfred Noble, the
Speaker 1: inventor of dynamite, who created the prizes. In his will.
Speaker 1: He donated a good portion of his estate to fund
Speaker 1: the prizes, decided who would judge the winners of each award,
Speaker 1: and also named the five prize categories. Economics was added
Speaker 1: during the nineties sixties. The Nobel Prizes are administered by
Speaker 1: the Nobel Foundation and are awarded in the fall after
Speaker 1: a rigorous selection. Says the list of winners in the
Speaker 1: different categories, especially physics and chemistry, is like a hall
Speaker 1: of fame. For example, in physics, the winners include Albert Einstein,
Speaker 1: Neil's Bore, Robert Milliken, Louis Victor de Broglie Werner, Heisenberg,
Speaker 1: and so on. It's a pretty prestigious list. Today, each
Speaker 1: prize is valued at over a million dollars. The reason
Speaker 1: it's such a big deal is because of the size
Speaker 1: of the award and the fact that the award has
Speaker 1: been given since nineteen o one, long enough that everyone
Speaker 1: has heard about it. Do you have any ideas or
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Speaker 1: email at podcast at how stuff works dot com. For
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