Token systems have the potential to significantly advance research and theory in behavioral economics, permitting both a more refined analysis of the costs and benefits underlying standard economic models, and a common currency more akin to human monetary systems. Part IV discusses the relevance of token systems to the field of behavioral economics.
Part III considers the utility of token reinforcement procedures in cross-species analysis of behavior more generally, showing how token procedures can be used to bridge the methodological gulf separating research with humans from that with other animals. Part II describes the role of token procedures in the symmetrical law of effect, the view that reinforcers (gains) and punishers (losses) can be measured in conceptually analogous terms. Part I reviews and discusses previous research on token systems in relation to common behavioral functions-reinforcement, temporal organization, antecedent stimulus functions, and aversive control-emphasizing both the continuities with other contingencies and the distinctive features of token systems. The paper is divided into four main parts.
Token reinforcement procedures and concepts are reviewed and discussed in relation to general principles of behavior.
