In October each year, the world’s attention is directed to Stockholm as the new Nobel Laureates are announced. To celebrate and understand the work that contributed to the greatest benefit of humankind, several events take place where research, science, literature and peace are focused. Twelve laureates were awarded Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind. Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats. The Nobel Foundation, a private institution established in 1900, has ultimate responsibility for fulfilling the intentions in Alfred Nobel’s will. The main mission of the Nobel Foundation is to manage Alfred Nobel’s fortune in a manner that ensures a secure financial standing for the Nobel Prize over the long term and that the prize – awarding institutions are guaranteed independence in their work of selecting recipients.

The Nobel Prize in Physics 2020 has been conferred on three scientists Roger Penrose (pic.6), for the discovery that black hole formation is a robust prediction of the general theory of relativity; Reinhard Genzel (pic.7), for the discovery of a supermassive compact object at the center of our galaxy; and, Andrea Ghez (pic.8), for the discovery of a supermassive compact object at the center of our galaxy.”

The Nobel Prize in Chemistry 2020 was given to Emmanuelle Charpentier (pic.3), for the development of a method for genome editing, and Jennifer A. Doudna (pic.4), for the development of a method for genome editing. The Nobel Prize in Physiology or Medicine 2020 was given to Harvey J. Alter (pic.9), Michael Houghton (pic.10) and Charles M. Rice (pic.11), for the discovery of Hepatitis C virus. The Nobel Prize in Literature 2020 was conferred upon, Louise Glück (pic.5) for her unmistakable poetic voice that with austere, beauty makes individual existence universal. The Nobel Peace Prize 2020, was given to the World Food Programme (WFP) for its efforts to combat hunger, for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict.

The Prize in Economic Sciences 2020 was conferred on Paul R. Milgrom (pic.1), for improvements to auction theory and inventions of new auction formats, and Robert B. Wilson (pic.2), for improvements to auction theory and inventions of new auction formats.”