The money isn’t necessary—see the Fields Medal. Nor is the Swedish Monarchy—see the Nobel Memorial Prize in Econ. Age obviously helps. And there’s some self-reinforcement—people want the prize that others want. My guess is that money does help, but this could be further investigated.
The Jacobs Foundation awards $1m prizes to scientist as a grant—I think this might be one of the biggest—one could award $5-10m to make it the most prestigious prize in the world.
The money isn’t necessary—see the Fields Medal. Nor is the Swedish Monarchy—see the Nobel Memorial Prize in Econ. Age obviously helps. And there’s some self-reinforcement—people want the prize that others want. My guess is that money does help, but this could be further investigated.
The Jacobs Foundation awards $1m prizes to scientist as a grant—I think this might be one of the biggest—one could award $5-10m to make it the most prestigious prize in the world.