page_title: Nobel Prize
section_title: Recognition time lag
hierarchical_section_title: Nobel Prize / Award process / Recognition time lag
caption_attribution_description: The committee room of the Norwegian Nobel Committee. On the walls are portraits of all the winners of the Nobel Peace Prize.
context_page_description: The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances. The will of the Swedish chemist, engineer and industrialist Alfred Nobel established the five Nobel prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901. The prizes are widely regarded as the most prestigious awards available in their respective fields.
  In 1968, Sveriges Riksbank, Sweden's central bank, established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The award is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the bank's 300th anniversary. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969. The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901. However, as it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not a Nobel Prize.
context_section_description: Nobel's will provided for prizes to be awarded in recognition of discoveries made "during the preceding year". Early on, the awards usually recognised recent discoveries. However, some of those early discoveries were later discredited. For example, Johannes Fibiger was awarded the 1926 Prize in Physiology or Medicine for his purported discovery of a parasite that caused cancer. To avoid repeating this embarrassment, the awards increasingly recognised scientific discoveries that had withstood the test of time. According to Ralf Pettersson, former chairman of the Nobel Prize Committee for Physiology or Medicine, "the criterion 'the previous year' is interpreted by the Nobel Assembly as the year when the full impact of the discovery has become evident."
  The interval between the award and the accomplishment it recognises varies from discipline to discipline. The Literature Prize is typically awarded to recognise a cumulative lifetime body of work rather than a single achievement. The Peace Prize can also be awarded for a lifetime body of work. For example, 2008 laureate Martti Ahtisaari was awarded for his work to resolve international conflicts. However, they can also be awarded for specific recent events. For instance, Kofi Annan was awarded the 2001 Peace Prize just four years after becoming the Secretary-General of the United Nations. Similarly Yasser Arafat, Yitzhak Rabin, and Shimon Peres received the 1994 award, about a year after they successfully concluded the Oslo Accords.
  Awards for physics, chemistry, and medicine are typically awarded once the achievement has been widely accepted. Sometimes, this takes decades – for example, Subrahmanyan Chandrasekhar shared the 1983 Physics Prize for his 1930s work on stellar structure and evolution. Not all scientists live long enough for their work to be recognised. Some discoveries can never be considered for a prize if their impact is realised after the discoverers have died.
caption: The committee room of the Norwegian Nobel Committee
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