No attribution is perfect, but they might still be useful.
For instance, this prize tells you that Switzerland, the UK and the US (or more specifically Geneva, Cambridge and Princeton) seem to be doing something right and that it might be a good idea to change your university system a little in their direction.
But why?
Any way you attribute this has some problems, as does trying to condense it to one country. Still just because something is not perfect does not mean it is not useful.
For example, France and Germany have very different systems and culture and you see that reflected in Nobel prizes and Fields medals. At that point you can then discuss which differences are "good" or "bad" by which metric.
But yeah, I agree. One fun example:
I am Faroese. On a technicality, Faroe Islands _could_ be considered the highest rank, at 1 laureate for a population of 49,489[1].
Niels Finsen was born in the Faroe Islands to Icelandic and Danish parents. His higher education and scientific studies were conducted in Denmark.
So an ethnically Icelandic-Dane, Faroese-born, who studied in Denmark.
Does this count as a Faroese Nobel Laureate?
[1]: https://en.wikipedia.org/wiki/List_of_countries_by_Nobel_lau...
From Wikipedia:
"In Faroese, the name appears as Føroyar. Oyar represents the plural of oy, older Faroese for "island". Due to sound changes, the modern Faroese word for island is oyggj. The first element, før, may reflect an Old Norse word fær (sheep), although this analysis is sometimes disputed because Faroese now uses the word seyður (from Old Norse sauðr) to mean "sheep". Another possibility is that the Irish monks, who settled the island around 625, had already given the islands a name related to the Gaelic word fearrann, meaning "land" or "estate". This name could then have been passed on to the Norwegian settlers, who then added oyar (islands).[12] The name thus translates as either "Islands of Sheep" or "Islands of Fearrann".
In Danish, the name Færøerne contains the same elements, though øerne is the definite plural of ø (island).
In English, it may be seen as redundant to say the Faroe Islands, since the oe comes from an element meaning "island". Most notably in the BBC Shipping Forecast, where the waters around the islands are called Faeroes. The name is also sometimes spelled "Faeroe"."[1]
german won nobel prize -> germans are smart -> im german -> i must be smart