When is the nobel peace prize recipient decided?

I know the Nobel Peace Prize deadline is February 1st, but I think that's just the deadline for nominations...When is the recipient actually decided upon by the committee? Thanks!|||October 鈥?Nobel Laureates are chosen. At the beginning of October, the Nobel Committee chooses the Nobel Peace Prize Laureates through a majority vote. The decision is final and without appeal. The names of the Nobel Peace Prize Laureates are then announced.|||I think when everyone gets good and drunk and winds up at the same place at the same time.|||IN OBAMA'S CASE,BEFORE HE WAS ELECTED PRESIDENT.