The role of orbitofrontal cortex in economic choice behavior

Camillo Padoa-Schioppa; Weikang Shi

doi:10.1016/B978-0-12-820480-1.00046-2

The role of orbitofrontal cortex in economic choice behavior

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Economic choices entail the computation and comparison of subjective values. Recent results indicate that neurons in orbitofrontal cortex (OFC) participate in both processes. OFC receives anatomical projections from sensory and limbic areas. Integration of external information and the internal state allows us to compute subjective values. Different neurons in OFC encode individual offer values, the binary choice outcome, and the chosen value. These variables, represented in goods space, capture both the decision input and the decision output. Converging evidence from neurophysiology, electrical stimulation and computational modeling indicates that the cell groups identified in OFC constitute the building blocks of a decision circuit.

Original language	English
Title of host publication	Encyclopedia of the Human Brain, Second Edition
Subtitle of host publication	Volumes 1-5
Publisher	Elsevier
Pages	V3-324-V3-342
ISBN (Electronic)	9780128204818
ISBN (Print)	9780128204801
DOIs	https://doi.org/10.1016/B978-0-12-820480-1.00046-2
State	Published - Jan 1 2024

Keywords

Causality
Choice bias
Choice variability
Computational model
Decision making
Good-based model
Logistic regression
Neural circuit
Neuroeconomics
Neurophysiology
Non-human primates
Optimal coding
Range adaptation
Reinforcer devaluation
Subjective value

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10.1016/B978-0-12-820480-1.00046-2

Cite this

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abstract = "Economic choices entail the computation and comparison of subjective values. Recent results indicate that neurons in orbitofrontal cortex (OFC) participate in both processes. OFC receives anatomical projections from sensory and limbic areas. Integration of external information and the internal state allows us to compute subjective values. Different neurons in OFC encode individual offer values, the binary choice outcome, and the chosen value. These variables, represented in goods space, capture both the decision input and the decision output. Converging evidence from neurophysiology, electrical stimulation and computational modeling indicates that the cell groups identified in OFC constitute the building blocks of a decision circuit.",

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The role of orbitofrontal cortex in economic choice behavior

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