Fields Medal
| Fields Medal | |
|---|---|
The obverse of the Fields Medal
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| Awarded for | Outstanding contributions in mathematics attributed to young scientists |
| Country | Varies |
| Presented by | International Mathematical Union (IMU) |
| Reward(s) | $15,000 CAD |
| First awarded | 1936 |
| Last awarded | 2014 |
| Official website | www |
The Fields Medal is a prize awarded to two, three, or four mathematicians under 40 years of age at the International Congress of the International Mathematical Union (IMU), a meeting that takes place every four years. The Fields Medal is sometimes viewed as the highest honor a mathematician can receive. The Fields Medal and the Abel Prize have often been described as the mathematician's "Nobel Prize". The Fields Medal differs from the Abel in view of the age restriction mentioned above.
The prize comes with a monetary award, which since 2006 has been C$15,000 (in Canadian dollars). The colloquial name is in honour of Canadian mathematician John Charles Fields. Fields was instrumental in establishing the award, designing the medal itself, and funding the monetary component.
The medal was first awarded in 1936 to Finnish mathematician Lars Ahlfors and American mathematician Jesse Douglas, and it has been awarded every four years since 1950. Its purpose is to give recognition and support to younger mathematical researchers who have made major contributions.
The Fields Medal is often described as the "Nobel Prize of Mathematics" and for a long time was regarded as the most prestigious award in the field of mathematics. However, in contrast to the Nobel Prize, the Fields Medal is awarded only every four years. The Fields Medal also has an age limit: a recipient must be under age 40 on 1 January of the year in which the medal is awarded. This is similar to restrictions applicable to the Clark Medal in economics. The under-40 rule is based on Fields' desire that "while it was in recognition of work already done, it was at the same time intended to be an encouragement for further achievement on the part of the recipients and a stimulus to renewed effort on the part of others."
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