token economy

noun

A system of behavior modification based on the principles of operant conditioning; patients are rewarded with tokens (reinforcers) for engaging in desirable activities.

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Meanings

nountoken economy (plural token economies)

plural token economies

  1. human sciencesA system of behavior modification based on the principles of operant conditioning; patients are rewarded with tokens (reinforcers) for engaging in desirable activities.
  2. businessAn economy based on cryptocurrency tokens.

    The supply of any token is also important in the operation of a token economy, as well as for the more fundamental issue of token valuation.

    2019, Chris Brummer, Cryptoassets: Legal, Regulatory, and Monetary Perspectives, Oxford University Press, →ISBN, page 165
  3. artificial intelligenceThe economy of AI tokens.
Cite this entry
APA

token economy. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/token%20economy

MLA

“token economy.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/token%20economy. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “token economy,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/token%20economy.

Source: token economy on Wiktionary, CC BY-SA 4.0.