Column: What are Oscars and other non-cash awards really worth?

A few of the world’s truly great honors and awards are accompanied by truly great checks. The Nobel Prize, for one, comes with something close to a million dollars. The Oscars, though, which are handed out Sunday, are merely coated in gold.

Since the mid-20th century, winners can only sell them to the Motion Picture Academy, for one buck. Yet no calculable price can be set on the publicity, job prospects and the phrase “Oscar winner” that’s ever after attached to the awardees’ names.

Economist Jana Gallus, at the UCLA Anderson School, works to figure out what our cherished but intrinsically valueless little baubles are really worth to the human spirit.

Find the full archive of “Patt Morrison Asks” podcasts here or search for “Patt Morrison Asks” on iTunes.

To read this week’s column, click here.

Want unlimited digital access to the L.A. Times? Patt Morrison listeners can sign up here for eight free weeks.


Mike Judge: The election is over, but our idiocracy is here to stay

The tweets that Donald Trump and other politicians don't want you to read

Stanford linguistics professor John Rickford on the legacy of Ebonics

Follow the Opinion section on Twitter @latimesopinion or Facebook

Get our weekly Opinion newsletter