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Nobel Peace Prize 2014 Odds

The Nobel Peace Prize is one of the five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. The others are the Nobel Prize in Literature, Nobel Prize in Chemistry, Nobel Prize in Physics, and Nobel Prize in Physiology or Medicine. The Nobel Peace Prize is a highly regarded award, recognised internationally.

Below is a brief description of the process involved in selecting the Nobel Peace Prize Laureates.

SeptemberInvitation letters are sent out. The Nobel Committee sends out invitation letters to individuals qualified to nominate – members of national assemblies, governments, and international courts of law; university chancellors, professors of social science, history, philosophy, law and theology; leaders of peace research institutes and institutes of foreign affairs; previous Nobel Peace Prize Laureates; board members of organizations that have received the Nobel Peace Prize; present and past members of the Norwegian Nobel Committee; and former advisers of the Norwegian Nobel Institute.

FebruaryDeadline for submission. The Committee bases its assessment on nominations that must be postmarked no later than 1 February each year. Nominations postmarked and received after this date are included in the following year's discussions. In recent years, the Committee has received close to 200 different nominations for the Nobel Peace Prize. The number of nominating letters is much higher, as many are for the same candidates.

February-MarchShort list. The Committee assesses the candidates' work and prepares a short list.

March-AugustAdviser review. The short list is reviewed by permanent advisers and advisers specially recruited for their knowledge of specific candidates. The advisers do not directly evaluate nominations nor give explicit recommendations.

OctoberNobel Laureates are chosen. At the beginning of October, the Nobel Committee chooses the Nobel Peace Prize Laureates through a majority vote. The decision is final and without appeal. The names of the Nobel Peace Prize Laureates are then announced.

DecemberNobel Laureates receive their prize. The Nobel Peace Prize Award Ceremony takes place on 10 December in Oslo, Norway, where the Nobel Laureates receive their Nobel Prize, which consists of a Nobel Medal and Diploma, and a document confirming the prize amount.

Source: http://nobelprize.org/nobel_prizes/peace/nomination/

Nobel Peace Prize Winner 2014

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