A large body of evidence has implicated the posterior parietal and orbitofrontal cortex in the processing of value. However, value correlates perfectly with salience when appetitive stimuli are investigated in isolation. Accordingly, considerable uncertainty has remained about the precise nature of the previously identified signals. In particular, recent evidence suggests that neurons in the primate parietal cortex signal salience instead of value. To investigate neural signatures of value and salience, here we apply multivariate (pattern-based) analyses to human functional MRI data acquired during a noninstrumental outcome-prediction task involving appetitive and aversive outcomes. Reaction time data indicated additive and independent effects of value and salience. Critically, we show that multivoxel ensemble activity in the posterior parietal cortex encodes predicted value and salience in superior and inferior compartments, respectively. These findings reinforce the earlier reports of parietal value signals and reconcile them with the recent salience report. Moreover, we find that multivoxel patterns in the orbitofrontal cortex correlate with value. Importantly, the patterns coding for the predicted value of appetitive and aversive outcomes are similar, indicating a common neural scale for appetite and aversive values in the orbitofrontal cortex. Thus orbitofrontal activity patterns satisfy a basic requirement for a neural value signal.reward | punishment | decision-making | attention | MVPA T he value of predictive cues can be used to guide approachavoidance behavior. Approach and avoidance responses are proportional to the appetitive (positive) and aversive (negative) value of the cues, respectively. On the other hand, based on empirical and theoretical considerations (1-3) the absolute value (i.e., the salience) of a cue determines the amount of attention that a stimulus captures to facilitate further processing. Hence, in contrast to value, salience increases not only with the magnitude of reward but also with the magnitude of punishment (4, 5).Electrophysiological recordings in animals suggest that value is encoded in the firing rates of posterior parietal and orbitofrontal neurons (6-18). A large body of evidence from human imaging studies also suggests signatures of appetitive value in these regions (19-36). However, value and salience are perfectly correlated when appetitive stimuli are investigated in isolation (37). That is, if a signal increases with increasing reward, we need to know how it behaves with increasing punishments to decide whether it is coding for value or salience. Specifically, if the signal decreases with increasing punishment, it truly reflects value. However, if the signal also increases with increasing punishment, it reflects salience (Fig. 1C). Thus, value signals identified using only appetitive (or only aversive) stimuli could be explained equally well in terms of value or salience.Indeed, neurons in the lateral intraparietal area (LIP), which have long been thought to signal ...