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Honors: A rational choice analysis of award bestowals

Author

Listed:
  • Bruno S Frey

    (University of Basel, Switzerland; CREMA—Center for Research in Economics, Management and the Arts, Switzerland)

  • Jana Gallus

    (Harvard University, USA)

Abstract

Principals bestow awards in different forms, such as orders, medals, decorations, badges, prizes, or titles. Our contribution focuses on the givers’ side of award bestowals and analyzes the distinct purposes that such bestowals serve. Awards have the potential to raise their recipients’ intrinsic motivation, while money is more likely to crowd it out. Awards establish special ties of loyalty between the givers and recipients. The threat of withdrawal by the givers, and rejection by recipients, serves as a mutual control mechanism on future behavior. Givers may bask in the reflected glory of well-known personalities whom they honor. They may exploit the expressive function of awards and signal to agents and the public what kind of attitude and behavior they value.

Suggested Citation

  • Bruno S Frey & Jana Gallus, 2016. "Honors: A rational choice analysis of award bestowals," Rationality and Society, , vol. 28(3), pages 255-269, August.
    • Handle: RePEc:sae:ratsoc:v:28:y:2016:i:3:p:255-269
    DOI: 10.1177/1043463116634656
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Jérémy Celse & Bruno S. Frey & Gilles Grolleau & Naoufel Mzoughi, 2022. "The unexpected power of negative awards," Kyklos, Wiley Blackwell, vol. 75(3), pages 385-393, August.
    2. Luo, Lianfa & Cheng, Zhiming & Ye, Qingqing & Cheng, Yanjun & Smyth, Russell & Yang, Zhiqing & Zhang, Le, 2023. "Nonmonetary Awards and Innovation: Evidence from Winning China's Top Brand Contest," GLO Discussion Paper Series 1345, Global Labor Organization (GLO).
    3. Gebhardt, Beate & Hellstern, Laura, 2023. "Die Kraft von Awards. Umfrage unter Unternehmen und Vergabeinstitutionen in Deutschland 2023," Working Papers 338798, Universitaet Hohenheim, Institute of Agricultural Policy and Agricultural Markets.
    4. Bruno S. Frey & Anthony Gullo, 2020. "Sic transit gloria mundi: What remains of famous economists after their deaths?," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(1), pages 283-298, April.
    5. Franklin G. Mixon & Benno Torgler & Kamal P. Upadhyaya, 2017. "Scholarly impact and the timing of major awards in economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(3), pages 1837-1852, September.
    6. Charles Miller & Benjamin Barber & Shuvo Bakar, 2018. "Indoctrination and coercion in agent motivation: Evidence from Nazi Germany," Rationality and Society, , vol. 30(2), pages 189-219, May.
    7. Ho Fai Chan & Franklin G. Mixon & Benno Torgler, 2019. "Fame in the sciences: a culturomics approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(2), pages 605-615, February.
    8. Ho Fai Chan & Franklin G. Mixon & Jayanta Sarkar & Benno Torgler, 2022. "Recognition and longevity: an examination of award timing and lifespan in Nobel laureates," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(6), pages 3629-3659, June.

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