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Updated: May 21, 2025

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Dissociation of Value and Confidence Signals in the Orbitofrontal Cortex during Decision-Making: An Intracerebral
Thelma Landron1, Alizée Lopez-Persem1, Philippe Domenech1
1Paris Brain Institute (ICM), Inserm UMR1127, CNRS UMR 7225, Sorbonne Université, Paris 75013, France.
Abstract:
Some decisions, such as selecting a food item in a novel menu, are not based on rational norms, or on trained habits, but on subjective preferences. How the human brain makes these preference-based decisions is still debated in cognitive neuroscience. Classical models focus on the comparison mechanism that achieves the selection of the option with best expected value. Recent models suggest that estimates of option values are refined until reaching sufficient confidence in the considered choice. Neuroimaging studies in humans and electrophysiology studies in animals have gathered evidence that value and confidence estimates are both represented in the medial and lateral regions of the orbitofrontal cortex (OFC). Here, we took advantage of electrodes implanted within the OFC of human patients with pharmacoresistant epilepsy (14 women, 12 men) to investigate whether value and confidence estimates can be dissociated in electrophysiology activity recorded during preference-based binary decisions. The overall value (likeability ratings summed over options) and choice confidence (selection probability of the chosen option) were identified in low-frequency (4-8 Hz) OFC activity. These value and confidence signals were time-locked to the decision, showed opposite signs of correlation, and were recorded in separate sites. This pattern of results is not consistent with the simulations of an attractor neural network model implementing a comparison of option values. However, it is compatible with the notion of a neural network generating sparse representations of option values and choice confidence estimates, based on which decisions can be made.
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