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But continued high productivity isn't necessarily what happens to major-prize winners, at least in mathematics, Borjas and Doran discovered in their recent study, Prizes and Productivity: How Winning the Fields Medal Affects Scientific Output.
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Prizes began to fall out of favor in the late 1800s, says Karim Lakhani, an assistant professor at Harvard Business School who studies prizes; that era saw the rise of research labs and companies deciding that they could handle innovation in-house, with Bell Labs becoming the model.
Although prizes are regularly awarded outside of the middle east, it is rare for the Islamic studies prize to be awarded to a non-Muslim.
Perhaps a tradition of study that prizes verbal agility can also help to account for the resilient wit associated with Jews.
A McKinsey study of prizes worth more than $100,000 suggests that the aggregate value of such large awards has more than tripled over the past decade, to $375 million.
Certificates are the fastest-growing form of postsecondary credential, the Georgetown study said, prized by employers for equipping workers with skills in high demand.
"We're all trying to come to terms with these things we study, our prized scholarly possessions, are now coming up for sale online".
We study fixed-prize contests in a 2 × 2 experimental design, varying orthogonally the degree of competition of the incentive mechanism (all-pay auction vs. lottery) and the presence or absence of social returns to bidding (public good vs. rent seeking).
BBC Sport has carried out a study into prize money in sport.
Read the full findings of the BBC study of prize money in 56 sports.
One way to assess the value of Premium Bonds is to study the "prize rate".
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