token economy

Behavioral incentive program

A token economy is a behavioral system where participants earn tokens—points, chips, or other markers—for desired behaviors, then exchange them for rewards.

Common in psychiatric hospitals, prisons, classrooms, and addiction treatment programs: The ward uses a token economy where patients earn privileges by following rules.

The concept draws from operant conditioning, reinforcing behavior through systematic incentives.

behavioral

reinforcer

Consequence increasing behavior

Skinner · contingency · schedule · response · consequence · shaping · extinction · punishment · discriminative · generalization

therapeutic

psychiatric

Of mental health treatment

self-care · privileges · discharge · treatment plan · mental health · rehabilitation · institutional · ward · client · therapist

educational

classroom

Educational instruction space

star chart · reward chart · participation · homework · behavior chart · positive reinforcement · merit · achievement · punch card · good behavior

rewards

points

Units of tally

earning · purchasing · privileges · redeemable · credits · prizes · perks · bonuses · accumulation · redemption

cryptocurrency

blockchain

Cryptographic linked transaction record

  • BitcoinPeer-to-peer electronic cash
  • EthereumProgrammable blockchain network
  • DeFiPeer-to-peer blockchain banking

staking · mining · wallet · airdrop · tokenomics · governance · smart contract · NFT · yield · decentralized

Opposites
medium of exchange

token economycash economy

Commerce using physical currency

direct payment · barter economy · hard currency · gold standard

behavioral motivation approach

token economyintrinsic motivation

Desire from within oneself

negative reinforcement · natural consequences · self-determination · coercion

economic structure

token economyfree market

Commerce without state intervention

gift economy · subsistence economy · command economy

Family

economy, token, tokens, tokenism, tokenistic, tokenization, tokenizing, tokenized

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Rated G