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The Nobel Prizes () are awards in Physics, Chemistry, Literature, Peace, Physiology or Medicine, and Economics.[1] The first five prizes were instituted by the Swedish scientist Alfred Nobel through his will in 1895; they were first awarded in 1901. The prize for economics, The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was instituted by Sweden's central bankin 1968 and is not a Nobel prize. The first prize in economics was awarded in 1969.[2] All six prizes are widely regarded as the supreme commendations in their subject areas. With the exception of the peace prize, which is handed out in Oslo, Norway, they are all handed out in Stockholm at an annual ceremony on December 10, the anniversary of Nobel's death.