In Henry IV, Part One, Hal and Hotspur represent two contrasting views of honor. Hotspur's version of honor is achieved through combat and characterized by chivalric actions. Some suggest that Hotspur's relentless pursuit of honor reflects a disregard for human life. Critics argue that this notion of honor, prevalent throughout the play and not limited to Hotspur, encompasses more than just warfare and chivalry. It also emphasizes family loyalty and patriotism.

Many scholars observe that Hotspur's idea of honor is somewhat outdated, whereas Hal's view aligns more closely with values familiar to and favored by Elizabethan audiences. Researchers reference two Elizabethan texts, The Courtier and The Governour, which mention the type of honor displayed by Hal, often referred to as "courtesy." According to some critics, Hal demonstrates honor through his loyalty to his father, his nation, and his friends. Commentators note that Hal's sense of honor is more humane than Hotspur's because he does not seek out warfare but participates when necessary to preserve national unity.

When discussing the theme of honor in Henry IV, Part One, Falstaff receives some attention. Scholars argue that he serves as a commentator on the futility of honor, particularly evident in the battle scene of the final act. Falstaff appears to recognize the human cost associated with the type of honor valued by Hotspur. Other critics suggest that Falstaff represents a total rejection of the concept of honor altogether.