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Awards: a view from psychological economics


Frey, Bruno S; Neckermann, Susanne (2008). Awards: a view from psychological economics. Zeitschrift für Psychologie / Journal of Psychology, 216(4):198-208.

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 non-monetary 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 intensity of usage of awards across countries. Moreover, we present results on a vignette experiment that quantifies and isolates the effects of different award characteristics such as the publicity associated with winning an award.

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 non-monetary 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 intensity of usage of awards across countries. Moreover, we present results on 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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24 citations in Web of Science®
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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2008
Deposited On:15 Jan 2009 13:45
Last Modified:05 Apr 2016 12:50
Publisher:Hogrefe & Huber
ISSN:0044-3409
Additional Information:Journal of Psychology, 216(4) © 2008 by Hogrefe and Huber. This article does not exactly replicate the final version published in the Journal of Psychology. It is not a copy of the original published article and is not suitable for citation.
Publisher DOI:https://doi.org/10.1027/0044-3409.216.4.198

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