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ConceptToken Economy

Token Economy

A classic concept in behavioral economics and behavioral psychology in which target behaviors are reinforced by systematically giving or withdrawing tokens that have no intrinsic value; the tokens can be exchanged for real rewards.

Timeline (last 90 days)

Oct 26

Mozy's design binds a health behavior (walking) to digital consumption (screen time), which belongs to the token economy in behavioral economics.

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Oct 26

A token economy reinforces a target behavior by systematically giving or withdrawing some kind of token; the token itself has no intrinsic value but can be exchanged for rewards one actually wants.

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