2012
DOI: 10.1523/jneurosci.5498-10.2012
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Neural Prediction Errors Reveal a Risk-Sensitive Reinforcement-Learning Process in the Human Brain

Abstract: Humans and animals are exquisitely, though idiosyncratically, sensitive to risk or variance in the outcomes of their actions. Economic, psychological, and neural aspects of this are well studied when information about risk is provided explicitly. However, we must normally learn about outcomes from experience, through trial and error. Traditional models of such reinforcement learning focus on learning about the mean reward value of cues and ignore higher order moments such as variance. We used fMRI to test whet… Show more

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Cited by 349 publications
(522 citation statements)
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“…The expected value was equivalent for the two targets on all trials; however, risk, defined in terms of hit probability, was not. Under such conditions, people tend to be risk-averse (2,6).…”
Section: Resultsmentioning
confidence: 99%
See 4 more Smart Citations
“…The expected value was equivalent for the two targets on all trials; however, risk, defined in terms of hit probability, was not. Under such conditions, people tend to be risk-averse (2,6).…”
Section: Resultsmentioning
confidence: 99%
“…In experiment 1, participants were assigned to one of three conditions (n = 20/group). In the Standard condition, choices were indicated by pressing one of two keys, the typical response method in bandit tasks (1,2). Points were only earned on hit trials Significance Thorndike's Law of Effect states that when an action leads to a desirable outcome, that action is likely to be repeated.…”
Section: Resultsmentioning
confidence: 99%
See 3 more Smart Citations