Barretto Garcia, M. | Search bioRxiv

bioRxiv2022

Individual risk attitudes arise from noise in neurocognitive magnitude representations

Humans are generally risk averse: they prefer options with smaller certain outcomes over those with larger uncertain ones. This risk aversion is classically explained with a concave utility function, meaning that successive increases in monetary payoffs should increase subjective valuations by progressively smaller amounts. Here, we provide neural and behavioural evidence that risk aversion may also arise from a purely perceptual bias: The noisy logarithmic coding of numerical magnitudes can lead individuals to underestimate the size of larger monetary payoffs, leading to apparent risk aversion even when subjective valuation increases linearly with the estimated amount. A formal model of this process predicts that risk aversion should systematically increase when individuals represent numerical magnitudes more noisily. We confirmed this prediction by measuring both the mental and neural acuity of magnitude representations during a purely perceptual task and relating these measures to individual risk attitudes during separate financial decisions. Computational model fitting suggested that subjects based both types of choices on similar mental magnitude representations, with correlated precision across the separate perceptual and risky choices. Increased stimulus noise due to the presentation format of risky outcomes led to increased risk aversion, just as predicted by the model. The precision of the underlying neural magnitude representations was estimated with a numerical population receptive field model fitted to the fMRI data of the perceptual task. Subjects with more precise magnitude representations in parietal cortex indeed showed less variable behaviour and less risk-aversion in the separate financial choices. Our results highlight that individual patterns of economic behaviour may, at least partially, be determined by capacity limitations in perceptual processing rather than by processes that assign subjective values to monetary rewards.

neuroscience↗

bioRxiv2021

Causal evidence for a domain-specific role of left superior frontal sulcus in human perceptual decision-making

Humans and animals can flexibly choose their actions based on different information, ranging from objective states of the environment (e.g., apples are bigger than cherries) to subjective preferences (e.g., cherries are tastier than apples). Whether the brain instantiates these different choices by recruiting either specialised or shared neural circuitry remains debated. Specifically, domain-general accounts of prefrontal cortex (PFC) function propose that prefrontal areas flexibly process either perceptual or value-based evidence depending on what is required for the present choice, whereas domain-specific theories posit that PFC sub-areas, such as the left superior frontal sulcus (SFS), selectively integrate evidence relevant for perceptual decisions. Here we comprehensively test the functional role of the left SFS for choices based on perceptual and value-based evidence, by combining fMRI with a behavioural paradigm, computational modelling, and transcranial magnetic stimulation. Confirming predictions by a sequential sampling model, we show that TMS-induced excitability reduction of the left SFS selectively changes the processing of decision-relevant perceptual information and associated neural processes. In contrast, value-based decision making and associated neural processes remain unaffected. This specificity of SFS function is evident at all levels of analysis (behavioural, computational, and neural, including functional connectivity), demonstrating that the left SFS causally contributes to evidence integration for perceptual but not value-based decisions.

neuroscience↗