How Do Awards Affect the Supply of Tokens?

An award is a token of recognition given to a person for a specific action or achievement. These tokens are usually given out at a formal ceremony. They are given out for a variety of reasons, including a personal award, a job title change, or a donation to a particular…

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Self Entitlement and Participation Trophies

A participation trophy is an award given to someone who has made a significant contribution to something or completed an event with a high level of success (Gatrel et al. 143). These trophies are usually given out to boost participants’ self-esteem and encourage them to work harder. Trophies are widely…

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