The Evolution of the Nobel Peace Prize

The Nobel Peace Prize and Its Significance The Nobel Peace Prize Award is an honourable global program that was initiated by Alfred Nobel and acts from March 1901. As the industrialist, innovator and manufacturer of armaments, Nobel had a significant rationale behind the award with reference to fields such as Physiology,...

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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 and its effect on self-esteem 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...

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