This has been in my thoughts lately although the idea has often crossed my mind, especially when my kids were younger.

The article focuses on some of the causes and effects of parents overvaluing their children.

https://www.yahoo.com/parenting/the-problems-with-thinking-your-kids-are-the-best-104342889877.html

When my kids were younger, I had erred on the side of undervaluing, which has led to some strange incidental results. For example, my kids responding on the CTY survey that they were average when their scores exceeded the award ceremony levels.

While the article focuses on parents' overvaluation, my concern these days are actually the overvaluation on the parts of teachers and other third parties. On the one hand, it is nice that teachers/staff recognize your children's abilities and stellar characteristics. On the other hand, I am not completely comfortable with the extravagant praises and sometimes even the awards/prizes.