Pistoff:
First of all I am not alone in this opinion. Those that agree with me are probably in the minority. As I suggested, a search on Google will expose you to arguments against awards and other public expression of praise. In most cases we're not talking about measureable things such as sports statistics. By the way I think those statistics are necessary to carry on the sports business which has more to do with business than sport. Halls of Fame whether for Athletes or Musicians are just ego trips.
Nothing prevents you from praising people in public. I personally feel it is a tasteless & vulgar exercise. And I say that without fear of being ridiculed for voicing my unpopular opinion. If a person wants to quietly & privately compliment someone that may be acceptable.
When I think of awards I think of Nobel Peace Prize/Yasser Arafat
There has been references to the old idea of "inferiority complex" . Extraverts tend to like pats on the back. Introverts don't. There are more Extraverts in the General Population than there are Introverts.