Neural Population Dynamics Underlying Expected Value Computation

Computation of expected values (i.e., probability x magnitude) seems to be a dynamic integrative process performed by the brain for efficient economic behavior. However, neural dynamics underlying this computation is largely unknown. Using lottery tasks in monkeys (Macaca mulatta, male; Macaca fuscata, female), we examined (1) whether four core reward-related brain regions detect and integrate probability and magnitude cued by numerical symbols and (2) whether these brain regions have distinct dynamics in the integrative process. Extraction of the mechanistic structure of neural population signals demon-strated that expected value signals simultaneously arose in the central orbitofrontal cortex (cOFC; medial part of area 13) and ventral striatum (VS). Moreover, these signals were incredibly stable compared with weak and/or fluctuating signals in the dorsal striatum and medial OFC. Temporal dynamics of these stable expected value signals were unambiguously distinct: sharp and gradual signal evolutions in the cOFC and VS, respectively. These intimate dynamics suggest that the cOFC and VS compute the expected values with unique time constants, as distinct, partially overlapping processes.