token economy


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token economy

n
(Psychiatry) a type of psychotherapy in which the inmates of an institution are rewarded for good behaviour with tokens that can be exchanged for privileges
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.token economy - a form of behavior therapy that has been used in some mental institutions; patients are rewarded with tokens for appropriate behavior and the tokens may be cashed in for valued rewards
behavior modification, behavior therapy - psychotherapy that seeks to extinguish or inhibit abnormal or maladaptive behavior by reinforcing desired behavior and extinguishing undesired behavior
References in periodicals archive ?
Rebranding to Monolith helps us achieve our mission of democratising finance and bringing the Token economy to everyone while providing a unique service to our customers."
Before a token economy can evolve, there must be regulatory alignment.
Verasity's attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.
By introducing this unique token economy, Infinito aims to incentivize active Ecosystem contribution from both consumers and creators via usage and creation of innovative decentralized products, thus promoting mass adoption of blockchain technology.
"We're very pleased that users are now able to trade LINK on Bitbox, which is a major step forward in our plans for creating a token economy that rewards user participation.
Union Bank plans to launch more innovations in the industry as it aims to be among the pioneers in the field of blockchain technology and the token economy.
Bautista said UnionBank is launching more innovations in the industry as we aim to be among the pioneers in the field of blockchain technology and the token economy.
Morris is a mean-spirited woman who has learned to control her students' behavior with a token economy consisting of "Morris Money," sums of which are redeemable for prizes at the end of each six-week term.
The blockchain shifts that a bit and has created the token economy. It's a world where a startup, barely out of diapers and armed only with a white paper, can raise $35 million in 30 seconds out of nowhere.
Still, this Utopian, frictionless "token economy" is far from reality.
The intervention began after the two weeks of baseline and comprised two components that were implemented within three weeks: an ACT protocol based on the RFT definition of psychological flexibility (Luciano et al., 2012; Torneke et al., in press) and a token economy (Ayllon & Azrin, 1968), which was introduced to establish a motivational context for Samuel to stop displaying anger episodes.