Economics

Token Economy

Token Economy

Token Economy is a system for providing positive reinforcement to a child or children by giving them tokens for completing tasks or behaving in desired ways. It is a method of encouraging desirable behavior, especially in a hospital setting, by offering rewards of token money that can be exchanged for special food, access to television, and other bonuses. It is based on the principles of operant conditioning and behavioral economics and can be situated within applied behavior analysis.