Cited by 955Neural and Behavioral Psychology StudiesNeurotransmitter Receptor Influence on BehaviorDecision-Making and Behavioral Economics

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Distributed Neural Representation of Expected Value

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Knutson, Brian, Taylor, Jonathan, Kaufman, Matthew, Peterson, Richard, Glover, Gary·2005·The Journal of Neuroscience

DOI 10.1523/jneurosci.0642-05.2005PMC PMC6724773

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Abstract

Anticipated reward magnitude and probability comprise dual components of expected value (EV), a cornerstone of economic and psychological theory. However, the neural mechanisms that compute EV have not been characterized. Using event-related functional magnetic resonance imaging, we examined neural activation as subjects anticipated monetary gains and losses that varied in magnitude and probability. Group analyses indicated that, although the subcortical nucleus accumbens (NAcc) activated proportional to anticipated gain magnitude, the cortical mesial prefrontal cortex (MPFC) additionally activated according to anticipated gain probability. Individual difference analyses indicated that, although NAcc activation correlated with self-reported positive arousal, MPFC activation correlated with probability estimates. These findings suggest that mesolimbic brain regions support the computation of EV in an ascending and distributed manner: whereas subcortical regions represent an affective component, cortical regions also represent a probabilistic component, and, furthermore, may integrate the two.

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Authors: Knutson, B., Taylor, J., Kaufman, M., Peterson, R., & Glover, G.
Affiliations: Stanford University (US)
Corresponding author: Knutson, Brian
ORCID: Knutson, Brian
Taylor, Jonathan
Kaufman, Matthew
Glover, Gary
Venue: The Journal of Neuroscience
Publisher: Society for Neuroscience
Published: 2005-05-11
Volume: 25
Issue: 19
Pages: 4806-4812
ISSN: 0270-6474 (ISSN-L)
1529-2401
DOI: 10.1523/jneurosci.0642-05.2005
PMC: PMC6724773
OpenAlex: W2163979049
Cited by: 955
References: 34
Citations by year: 2026: 13 · 2025: 13 · 2024: 19 · 2023: 26 · 2022: 30 · 2021: 33 · 2020: 22 · 2019: 39 · 2018: 51 · 2017: 42 · 2016: 55 · 2015: 53 · 2014: 45 · 2013: 81 · 2012: 58
FWCI: 27.35
Type: journal article
Language: en
Open access: hybrid
doi.org
Licence: cc-by-nc-sa
creativecommons.org/licenses/by-nc-sa/4.0/ (vor, 184 d)
Locations: Journal of Neuroscience (publishedVersion, cc-by-nc-sa)
PubMed Central (publishedVersion)
PubMed (publishedVersion)
SSRN Electronic Journal (submittedVersion)
Funders: National Alliance for Research on Schizophrenia and Depression
National Institute of Mental Health (R03MH066923)
National Center for Research Resources (RR 09784, P41RR009784)
Topics: Life Sciences › Neuroscience › Cognitive Neuroscience › Neural and Behavioral Psychology Studies
Life Sciences › Neuroscience › Cellular and Molecular Neuroscience › Neurotransmitter Receptor Influence on Behavior
Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Keywords: expected value, reward anticipation, reward magnitude, reward probability, nucleus accumbens, mesolimbic system, monetary gains and losses, individual differences, probability estimation
MeSH terms: Adult, Brain Mapping, Female, Humans, Image Processing, Computer-Assisted, Functional Laterality, Magnetic Resonance Imaging, Male, Nucleus Accumbens, Oxygen, Photic Stimulation, Probability, Reference Values, Regression Analysis, Reward, Time Factors, Prefrontal Cortex

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Distributed Neural Representation of Expected Value

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