Q&A of the Day – The History of the Nobel Committee & Who is On It

The best way I know to illustrate how arbitrary the Nobel prizes are, is the example of the Academy Awards. When the Hollywood industry elites gather each year to award Oscars, they’ll issue awards for the “best actor and actress” and for the “Best picture”, etc. Does that mean that the best actor over the previous year was the actor or actress was issued the award or that the “best picture” released during the year is what the Academy says it is? Of course not, right? It’s what members of the Academy say is so. As we know, it’s a highly subjective process. Nobel prizes are no different. They’re highly subjective prizes awarded by select insiders that hold no empirical significance.