The Nobel prize is described as the worlds’ most prestigious prize in the Oxford Dictionary of Contemporary History.
Sitting inside the Grand Hall at the Nobel Institute, the Norwegian Nobel Committee announces the nominations in October every year, something looked at with great interest from politicians and journalists.
The awards are presented on 10th December, a date coinciding with Alfred Nobel’s death anniversary.
In 2001, George A. Akerlof, A. Michael Spence, and Joseph E. Stiglitz won the prize "for their analyses of markets with asymmetric information."
Economic models predicated on perfect information are often misguided. In reality, one party usually has superior knowledge, such as in the car market, where sellers know more than buyers about the quality of their vehicles and can lead to a market of lemons (adverse selection.)
Better-informed market participants can transmit information to lesser-informed participants.Job applicants can use educational attainment as a signal to prospective employers about their likely productivity; corporations can signal their profitability to investors by issuing dividends.
A leading neuroscientist who has spent decades studying creativity shares her research on where genius comes from, whether it is dependent on high IQ—and why it is so often accompanied by mental illness.
In a 1904 study by English physician Havelock Ellis, a list was made of 1030 individuals through extensive research, examining thoroughly the intellectual distinction people had by the various factors like heredity, general health, and social class.
These works established that genius minds are often hereditary.
A body of work of Stanford psychologist Lewis M. Terman, was an in-depth multi-decade study of gifted individuals, and an attempt to improve the measurement of genius and its association with the degradation of mental stability. This also included an enhanced version of the French IQ (Intelligence Quotient) test.
January 2006[[[[[[ To do something well you have to like it. That idea is not exactly novel. We've got it down to four words: "Do what you love." But it's not enough just to tell people that. Doing what you love is complicated. The very idea is foreign to what most of us learn as kids.
Keep in mind this question: How much are you supposed to enjoy what you do? If you underestimate your answer, you'll tend to stop searching too early.
Liking your work does not mean doing what makes you happiest in this second, but what will make you most satisfied over a more extended period, like a week or a month. Your work should be your favorite thing to do. It should be something you admire.