The Nobel Prize and Global Recognition
The nominations for the Peace Prize has gradually increased from the first year it was recorded in 1904, swelling from 22 to 376 in 2016.
Media coverage regarding the awards is also much bigger than before, resulting in an increased awareness of the prize.
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When Muhammad Yunus received the prize in 2006 for his micro-credit initiative to thousands of poor people which became Grameen Bank, many people thought the name of the prize winner was the name of the bank.
Humanitarian work by the common man was rewarded since the inception of the prize but is well-known now due to increased exposure and media coverage.
The economic theory of expected utility maximization says that people will act out of rational self-interest. But psychologist Daniel Kahneman showed that it is incorrect.
There is an assumption among many that if someone is an achiever at a young age, the unique talent must be an innate ability, and not slogging. The extraordinary milestones that are met before the usual timeframes feel disruptive, and unsettles the status quo.
The truth is many young achievers have spent years working hard, and overcoming substantial challenges to reach the celebrated milestones.
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