A View from Psychological Economics
نویسندگان
چکیده
DOI 10.1027/0044-3409.216.4.198 Abstract. Awards in the form of orders, decorations, prizes, and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit, and profit-oriented firms. This paper argues that awards present a unique combination of different stimuli and that they are distinct and unlike other monetary and nonmonetary rewards. Despite their relevance in all areas of life, awards have not received much scientific attention. Employing a unique data set, we demonstrate that there are substantial differences in the frequency of awards across countries. Moreover, we present the results of a vignette experiment that quantifies and isolates the effects of different award characteristics such as the publicity associated with winning an award.
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