Blockchain: The Next Digital Revolution | The Token Economy
ABA Parent Training series (Utilizing Token Economies)
A token economy is a system of contingency management based on the systematic reinforcement of target behavior. The reinforcers are symbols or "tokens" that can be exchanged for other reinforcers. A token economy is based on the principles of operant conditioning and behavioral economics and can be situated within applied behavior analysis. In applied settings token economies are used with children and adults; however, they have been successfully modeled with pigeons in lab settings.
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