Abstract
In this paper, the pros and cons of the token economy, which has been used widely in primary and secondary schools in Hong Kong to manage student behavior, are examined. Theoretical issues that should be considered in order to apply the token system successfully are discussed. In particular, the distinction between behavioral control and behavioral learning, and the limitations of the token system are highlighted. Besides reviewing the literature, the author also cited his personal experience to illustrate the benefits and pitfalls of the token system.
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