Nobel Prize

From WilmottWiki

The Nobel Prize was set up in the will of Swedish chemist Alfred Nobel in 1895. Prizes are awarded each year on the 10th December (the anniversary of Nobel's death) in various categories: Physics, Chemistry, Medicine, Literature, Peace and Economics. The Economic prize was set up separately by the Bank of Sweden in 1968, in memory of Nobel, but is generally identified as a Nobel prize. These prizes are the among the highest accolades that one can receive in these fields.

The winners of the Economics prize most involved with the field of quantitative finance are undoubtedly Robert C. Merton and Myron Scholes in 1997 for their work on derivatives pricing and delta hedging. Other notable winners include William Sharpe (1990), Harry Markowitz (1990), Robert Engle and Clive Granger (2003).

---

See http://nobelprize.org/ for more information about Nobel Prizes.