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The greatest achievement one can earn is that of the Nobel Prize. The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural and scientific advances. The will of Swedish inventor Alfred Nobel established the prizes in 1895. The prizes in Chemistry, Literature, Peace, Physics, Economics, Physiology or Medicine were first awarded in 1901. The prize ceremony annually takes place in Stockholm, Sweden but the Peace Prize is given away in Oslo, Norway. Each recipient or Nobel laureate is presented with a gold medal, a diploma and a sum of money (As in 2017-$1,110,000). The Nobel Prize is widely regarded as the most prestigious award available in the fields of Literature, Chemistry, Physics, Medicine, Peace, and Economics.

 The Nobel Prize winners in the year 2017 have been announced and the award ceremony will be held on 10th December 2017. Here is the list of the winners,

The British author behind the books including Man Booker winner ?The Remains of the Day? has been named the Nobel Laureate in Literature for his work, ?Novels of great emotional force?. In his work, he has uncovered the abyss beneath our illusory sense of connection with the world.

 

ICAN works to draw attention to the catastrophic humanitarian consequences of any use of nuclear weapons and makes efforts to achieve a treaty-based prohibition of such weapons. Setsuko Thurlow, a survivor of the Hiroshima atomic bombing and Beatrice Fihn, executive director will jointly accept the prize on behalf of the campaign in Oslo on December 10.

 

Three American physicists have won the Nobel Prize in Physics for the first observations of gravitational waves, ripples in the fabric of space-time that were anticipated by Albert Einstein a century ago. All three scientists have played leading roles in the Laser Interferometer Gravitational-Wave Observatory (LIGO) experiment, which in 2015 made the first historic observation of gravitational waves triggered by the violent merger of two black holes a billion light-years away. 

Three European scientists have been awarded the Nobel Prize in Chemistry for developing a new way to assemble precise 3D images of biological molecules like proteins, DNA and RNA. Their work has helped scientist decipher processes within cells that were previously invisible, and has led to better understanding of viruses like Zika. In the future, this technique could offer roadmaps in the development of drugs to treat diseases. 

The American trio won the Nobel Prize in medicine for their discoveries about the body?s daily rhythms (Circadian Rhythms), opening up whole new fields of research and raising awareness about the importance of getting proper sleep. Circadian rhythms adapt the working of the body to different phases of the day, influencing sleep, behavior, hormone levels, body temperature, and metabolism.

 

Winner- Richard Thaler 

The economics professor at the University of Chicago won the Nobel Prize in Economics for his work on behavioral economics. His work demonstrates why economics is hard; it also examines how human psychology impacts economic and financial decision making, as well as trying to make economists realize that "economic agents are human" and cannot always be treated as rational actors.     

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