Token Economy Definition | Psychology

A token economy is a type of reward system in behavioral modification. It’s simply giving some type of reward for any time a positive behavior is shown. It’s a type of reinforcement mechanism, meant to encourage the subject, like a child, to continue doing the positive behavior.

When I was young I played a lot of soccer (or football for you overseas heathens). My sweet momma gave me a shiny $1 (roughly $1 million in today’s money after recent inflation) every time I scored a goal. I’m not sure it was too effective as I always played defense.