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Eddy current damper (ECD), a contactless energy-dissipating device, is applying to control the vibration induced by earthquake and strong wind in civil structures. Combining with motion magnification mechanisms improves the damping effect of the ECD while significantly strengthens its nonlinearity. The response of single degree of freedom and multi-degree of freedom system with ECDs under a stationary stochastic earthquake characterized by the power spectral density function is evaluated using the stochastic linearization technique and expressions of the equivalent linear damping coefficient based on force criterion and energy criterion have been found, respectively. Comparisons with results obtained by Monte Carlo simulations confirm that for the nonlinearity of eddy current dampers the force-based criterion stochastic linearization technique gives accurate estimation.