˜yÐÄvlog

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token economy

noun

Psychiatry.
  1. 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.


token economy

noun

  1. a type of psychotherapy in which the inmates of an institution are rewarded for good behaviour with tokens that can be exchanged for privileges
“Collins English Dictionary — Complete & Unabridged†2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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˜yÐÄvlog History and Origins

Origin of token economy1

First recorded in 1965–70
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Example Sentences

Examples have not been reviewed.

It’s a deviation from the token economy D.C. buyers are familiar with; part of Cheeba’s revenue is reinvested into the thrift store to expand the clothing selection.

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When we are seen online, the Internet’s token economy can pervert how we present ourselves.

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How would a distributed ledger and a token economy somehow challenge one of the tech giants?

From

“When you buy a Metronome token, you are funding a savings contract that will provide liquidity and price support for the Metronome token economy. That’s a big difference,†Roszak said.

From

“Airworld is a nation within a nation, with its own language, architecture, mood, and even its own currency—the token economy of airline bonus miles that I’ve come to value more than dollars.â€

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