Abstract

We hypothesized that during binary economic choice, decision makers use the first option they attend as a default to which they compare the second. To test this idea, we recorded activity of neurons in the dorsal anterior cingulate cortex (dACC) of macaques choosing between gambles presented asynchronously. We find that ensemble encoding of the value of the first offer includes both choice-dependent and choice-independent aspects, as if reflecting a partial decision. That is, its responses are neither entirely pre- nor post-decisional. In contrast, coding of the value of the second offer is entirely decision dependent (i.e., post-decisional). This result holds even when offer-value encodings are compared within the same time period. Additionally, we see no evidence for 2 pools of neurons linked to the 2 offers; instead, all comparison appears to occur within a single functionally homogenous pool of task-selective neurons. These observations suggest that economic choices reflect a context-dependent evaluation of attended options. Moreover, they raise the possibility that value representations reflect, to some extent, a tentative commitment to a choice.

Highlights

  • When choosing between 2 options, we generally consider them in turn rather than processing them in parallel [1,2,3,4,5,6]

  • How we make decisions based on value and how these computations are implemented in neuronal circuits remain topics of active debate

  • We investigated the neuronal mechanisms underlying value-based choice in the macaque dorsal anterior cingulate cortex using a task in which subjects chose between 2 sequential options

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Summary

Introduction

When choosing between 2 options, we generally consider them in turn rather than processing them in parallel [1,2,3,4,5,6]. Sequential choice introduces an asymmetry between the first and second option: the first option can serve as a default, which determines the brain’s response to the second [4,13,14,15,16]. Such a context-dependent choice mechanism has been well established for memoryguided perceptual decisions [17,18,19,20,21,22]. We hypothesized that a similar mechanism may apply to reward-based choices

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