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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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Word History and Origins

Origin of token economy1

First recorded in 1965–70
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Example Sentences

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.

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

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

“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 Reuters

“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.”

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tokentokenism