A Quote by Myron Scholes

My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize.
I thought of my father and felt a deep sorrow that he should no longer be alive, and that I could not go to him and tell him that I had been awarded the Nobel Prize. I knew that no one would have been happier than he to hear this.
I'm not sure whether I could win a Nobel Prize or not, but the Nobel Committee called me, and, 'You got the Nobel Prize.' So, I was so, so happy, and I was so surprised.
George Stigler Nobel laureate and a leader of Chicago School was asked why there were no Nobel Prizes awarded in the other social sciences, sociology, psychology, history, etc. "Don't worry", Stigler said, "they have already have a Nobel Prize in ...Literature"
Two years ago I was on the train from Berlin to Frankfurt when I heard that the Nobel Peace Prize had been awarded to my close friend, the writer Liu Xiaobo, who is imprisoned in China. To me it was confirmation that universal values and a moral code do exist, and that the point of the Nobel Prize is to encourage writers to stand up for this moral code. Last Thursday I was once again on the train from Berlin to Frankfurt when I heard that the Nobel Prize for Literature had gone to Mo Yan. He is a state poet. I am utterly bewildered. Do these universal values not exist after all?
The Nobel Prize is worth $1.5 million, but that's not the issue. Do the distinguished scientists who win the Nobel Prize need the money? Probably not. The honor is more important the money, and that's the case with the prize for African leadership as well.
People ask me often [whether] the Nobel Prize [was] the thing you were aiming for all your life, and I say that would be crazy. Nobody would aim for a Nobel Prize because, if you didn't get it, your whole life would be wasted. What we were aiming at was getting people well, and the satisfaction of that is much greater than any prize you can get.
National Review once opined, many years ago, that, every year, the Nobel peace prize should go to the U.S. secretary of defense: The American military is the number-one guarantor of peace in the world. But maybe something like a Nobel freedom prize would be a more appropriate award for Reagan than a peace prize.
There's another totally fraudulent recipient of the Nobel Peace Prize. Al Gore hadn't done anything but make a movie that itself was filled with misrepresentations about the amount of ice the poor polar bears have to live on, doctored photos. He said in his acceptance speech in 2007, getting a Nobel Peace Prize, that the North Pole would be ice free by 2013. Today the truth is, there is a record amount of arctic ice for this time of year. He couldn't have been more wrong.
I was absolutely convinced that I wouldn't win the Nobel Prize. My impression was that the Nobel Prize in Literature was given to people more or less affiliated with, let's say, socialist ideas, and that was not my case.
Two Americans have been awarded the Nobel Prize for Economics. They are the first to figure out all the charges on their telephone bill.
The citation for the 1971 Nobel Prize in Chemistry reads, 'for contribution to the knowledge of electronic structures and geometry of molecules, especially free radicals,' and therefore implies that the Prize has been awarded for a long series of studies extending practically over my whole scientific life.
Thanks to the high standing which science has for so long attain and to the impartiality of the Nobel Prize Committee, the Nobel Prize for Physics is rightly considered everywhere as the highest reward within the reach of workers in Natural Philosophy.
If the Nobel Prize was awarded by a woman, it would go to the inventor of the dimmer switch.
As a Nobel Prize winner I cannot but regret that the award was never given to Mark Twain, nor to Henry James, speaking only of my own countrymen. Greater writers than these also did not receive the prize. I would have been happy - happier - today if the prize had been given to that beautiful writer Isak Dinesen.
I feel a deep emotion and pride for the honor of having been awarded the Nobel Peace Prize for 1992.
Arguably, my student status and perhaps my gender were also my downfall with respect to the Nobel Prize, which was awarded to Professor Antony Hewish and Professor Martin Ryle. At the time, science was still perceived as being carried out by distinguished men.
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