"The Ig Nobel Prize is a satirical prize awarded annually since 1991 to promote public engagement with scientific research. Its aim is to "honor achievements that first make people laugh, and then make them think." The name of the award is a pun on the Nobel Prize, which it parodies, and on the word "ignoble".
"The Ig Nobel Prizes are presented by Nobel laureates in a ceremony at Harvard Sanders Theater. Winners also deliver public lectures. The Ig Nobel Prize monetary award is given in a solitary banknote for the amount of 10 trillion Zimbabwean dollars ($0.40 USD, but the banknote is worth more as a collector's item).