Neural mechanisms of reward value, emotion, and decision-making Edmund T. Rolls Oxford Centre for Computational Neuroscience, Oxford (www.oxcns.org) University of Warwick, Department of Computer Science, Coventry, UK In Rolls’ theory of emotion (2014) it is argued that emotions are states elicited by instrumental reinforcers which are the goals for action, the rewards and punishers. It is argued that emotions solve a fundamental problem in Darwinian evolution, for it is much more efficient for genes to specify goals for actions, rewards and punishers, rather than actions or responses. It is shown that the orbitofrontal cortex is important in emotion for it represents primary, unlearned, gene-specified, reinforcers including the taste and texture of food and face expression; performs rapid learning, and reversal, of stimulus- reward associations; and with the pregenual cingulate cortex has activations that are directly correlated with pleasure, the conscious reports of the subjective state associated with rewards. These reward valuation systems in the orbitofrontal cortex provide independent representations at the neuronal level on a common scale but are not converted into a common currency, and provide inputs to our value based decision-making mechanisms in the ventromedial prefrontal cortex. A combination of approaches including functional neuroimaging, neurophysiology, and theoretical physics, provides evidence that decisions in the cerebral cortex are taken by attractor networks that are biased by the evidence for the decision (1-2). Integrate-and-fire neuronal networks show that decision- making is inherently probabilistic because of noise caused by the random firing times of neurons in the brain (for a given mean rate). It is shown that confidence in a decision is an emergent property of the decision-making process, and human fMRI investigations that test this have been described (1-6). Decisions can be in part predicted from the noise in the neuronal firing before the decision cues are applied. The attractor network architecture for decision-making is similar to that involved in short-term memory and attention (7), and instabilities in such networks in brain regions such as the prefrontal and temporal cortex are hypothesized to be involved in schizophrenia (8). 1. Rolls, E.T. and Deco, G. (2010) The Noisy Brain: Stochastic Dynamics as a Principle of Brain Function. Oxford University Press: Oxford. 2. Rolls, E.T. (2014) Emotion and Decision-Making Explained. Oxford University Press: Oxford. 3. Rolls, E.T., Grabenhorst, F. and Deco, G. (2010) Decision-making, errors, and confidence in the brain. Journal of Neurophysiology 104: 2359-2374. 4. Rolls, E.T., Grabenhorst, F. and Deco, G. (2010) Choice, difficulty, and confidence in the brain. Neuroimage 53: 694-706. 5. Grabenhorst, F. and Rolls, E .T. (2011) Value, pleasure, and choice in the ventral prefrontal cortex. Trends in Cognitive Sciences 15: 57-67. 6. Deco, G., Rolls, E.T., Albantakis, L. and Romo, R. (2013). Brain mechanisms for perceptual and reward- related decision-making. Progress in Neurobiology 103: 194-213. 7. Rolls, E.T. (2008) Memory, Attention, and Decision-Making: A Unifying Computational Neuroscience Approach. Oxford University Press: Oxford. 8. Rolls, E.T., Loh, M., Deco, G. and Winterer, G. (2008) Computational models of schizophrenia and dopamine modulation in the prefrontal cortex. Nature Reviews Neuroscience 9: 696-709.