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1.
Cell ; 187(3): 676-691.e16, 2024 Feb 01.
Artículo en Inglés | MEDLINE | ID: mdl-38306983

RESUMEN

Behavior relies on activity in structured neural circuits that are distributed across the brain, but most experiments probe neurons in a single area at a time. Using multiple Neuropixels probes, we recorded from multi-regional loops connected to the anterior lateral motor cortex (ALM), a circuit node mediating memory-guided directional licking. Neurons encoding sensory stimuli, choices, and actions were distributed across the brain. However, choice coding was concentrated in the ALM and subcortical areas receiving input from the ALM in an ALM-dependent manner. Diverse orofacial movements were encoded in the hindbrain; midbrain; and, to a lesser extent, forebrain. Choice signals were first detected in the ALM and the midbrain, followed by the thalamus and other brain areas. At movement initiation, choice-selective activity collapsed across the brain, followed by new activity patterns driving specific actions. Our experiments provide the foundation for neural circuit models of decision-making and movement initiation.


Asunto(s)
Movimiento , Neuronas , Encéfalo/fisiología , Movimiento/fisiología , Neuronas/fisiología , Tálamo/fisiología , Memoria
2.
Cell ; 187(6): 1476-1489.e21, 2024 Mar 14.
Artículo en Inglés | MEDLINE | ID: mdl-38401541

RESUMEN

Attention filters sensory inputs to enhance task-relevant information. It is guided by an "attentional template" that represents the stimulus features that are currently relevant. To understand how the brain learns and uses templates, we trained monkeys to perform a visual search task that required them to repeatedly learn new attentional templates. Neural recordings found that templates were represented across the prefrontal and parietal cortex in a structured manner, such that perceptually neighboring templates had similar neural representations. When the task changed, a new attentional template was learned by incrementally shifting the template toward rewarded features. Finally, we found that attentional templates transformed stimulus features into a common value representation that allowed the same decision-making mechanisms to deploy attention, regardless of the identity of the template. Altogether, our results provide insight into the neural mechanisms by which the brain learns to control attention and how attention can be flexibly deployed across tasks.


Asunto(s)
Atención , Toma de Decisiones , Aprendizaje , Lóbulo Parietal , Recompensa , Animales , Haplorrinos
3.
Cell ; 184(14): 3717-3730.e24, 2021 07 08.
Artículo en Inglés | MEDLINE | ID: mdl-34214471

RESUMEN

Neural activity underlying short-term memory is maintained by interconnected networks of brain regions. It remains unknown how brain regions interact to maintain persistent activity while exhibiting robustness to corrupt information in parts of the network. We simultaneously measured activity in large neuronal populations across mouse frontal hemispheres to probe interactions between brain regions. Activity across hemispheres was coordinated to maintain coherent short-term memory. Across mice, we uncovered individual variability in the organization of frontal cortical networks. A modular organization was required for the robustness of persistent activity to perturbations: each hemisphere retained persistent activity during perturbations of the other hemisphere, thus preventing local perturbations from spreading. A dynamic gating mechanism allowed hemispheres to coordinate coherent information while gating out corrupt information. Our results show that robust short-term memory is mediated by redundant modular representations across brain regions. Redundant modular representations naturally emerge in neural network models that learned robust dynamics.


Asunto(s)
Lóbulo Frontal/fisiología , Red Nerviosa/fisiología , Envejecimiento/fisiología , Animales , Conducta Animal , Cerebro/fisiología , Conducta de Elección , Femenino , Luz , Masculino , Ratones , Modelos Neurológicos , Corteza Motora/fisiología , Neuronas/fisiología
4.
Cell ; 184(18): 4640-4650.e10, 2021 09 02.
Artículo en Inglés | MEDLINE | ID: mdl-34348112

RESUMEN

The hippocampus is thought to encode a "cognitive map," a structural organization of knowledge about relationships in the world. Place cells, spatially selective hippocampal neurons that have been extensively studied in rodents, are one component of this map, describing the relative position of environmental features. However, whether this map extends to abstract, cognitive information remains unknown. Using the relative reward value of cues to define continuous "paths" through an abstract value space, we show that single neurons in primate hippocampus encode this space through value place fields, much like a rodent's place neurons encode paths through physical space. Value place fields remapped when cues changed but also became increasingly correlated across contexts, allowing maps to become generalized. Our findings help explain the critical contribution of the hippocampus to value-based decision-making, providing a mechanism by which knowledge of relationships in the world can be incorporated into reward predictions for guiding decisions.


Asunto(s)
Hipocampo/fisiología , Neuronas/fisiología , Animales , Macaca mulatta , Masculino , Modelos Neurológicos , Análisis y Desempeño de Tareas
5.
Cell ; 184(14): 3748-3761.e18, 2021 07 08.
Artículo en Inglés | MEDLINE | ID: mdl-34171308

RESUMEN

Lateral intraparietal (LIP) neurons represent formation of perceptual decisions involving eye movements. In circuit models for these decisions, neural ensembles that encode actions compete to form decisions. Consequently, representation and readout of the decision variables (DVs) are implemented similarly for decisions with identical competing actions, irrespective of input and task context differences. Further, DVs are encoded as partially potentiated action plans through balance of activity of action-selective ensembles. Here, we test those core principles. We show that in a novel face-discrimination task, LIP firing rates decrease with supporting evidence, contrary to conventional motion-discrimination tasks. These opposite response patterns arise from similar mechanisms in which decisions form along curved population-response manifolds misaligned with action representations. These manifolds rotate in state space based on context, indicating distinct optimal readouts for different tasks. We show similar manifolds in lateral and medial prefrontal cortices, suggesting similar representational geometry across decision-making circuits.


Asunto(s)
Toma de Decisiones , Percepción de Movimiento/fisiología , Lóbulo Parietal/fisiología , Animales , Conducta Animal , Juicio , Macaca mulatta , Masculino , Modelos Neurológicos , Neuronas/fisiología , Estimulación Luminosa , Corteza Prefrontal/fisiología , Psicofísica , Análisis y Desempeño de Tareas , Factores de Tiempo
6.
Cell ; 183(4): 918-934.e49, 2020 11 12.
Artículo en Inglés | MEDLINE | ID: mdl-33113354

RESUMEN

Learning valence-based responses to favorable and unfavorable options requires judgments of the relative value of the options, a process necessary for species survival. We found, using engineered mice, that circuit connectivity and function of the striosome compartment of the striatum are critical for this type of learning. Calcium imaging during valence-based learning exhibited a selective correlation between learning and striosomal but not matrix signals. This striosomal activity encoded discrimination learning and was correlated with task engagement, which, in turn, could be regulated by chemogenetic excitation and inhibition. Striosomal function during discrimination learning was disturbed with aging and severely so in a mouse model of Huntington's disease. Anatomical and functional connectivity of parvalbumin-positive, putative fast-spiking interneurons (FSIs) to striatal projection neurons was enhanced in striosomes compared with matrix in mice that learned. Computational modeling of these findings suggests that FSIs can modulate the striosomal signal-to-noise ratio, crucial for discrimination and learning.


Asunto(s)
Envejecimiento/patología , Cuerpo Estriado/patología , Enfermedad de Huntington/patología , Aprendizaje , Potenciales de Acción , Animales , Conducta Animal , Biomarcadores/metabolismo , Cuerpo Estriado/fisiopatología , Aprendizaje Discriminativo , Modelos Animales de Enfermedad , Enfermedad de Huntington/fisiopatología , Interneuronas/patología , Ratones Transgénicos , Modelos Neurológicos , Red Nerviosa/fisiopatología , Parvalbúminas/metabolismo , Fotometría , Recompensa , Análisis y Desempeño de Tareas
7.
Cell ; 182(1): 112-126.e18, 2020 07 09.
Artículo en Inglés | MEDLINE | ID: mdl-32504542

RESUMEN

Every decision we make is accompanied by a sense of confidence about its likely outcome. This sense informs subsequent behavior, such as investing more-whether time, effort, or money-when reward is more certain. A neural representation of confidence should originate from a statistical computation and predict confidence-guided behavior. An additional requirement for confidence representations to support metacognition is abstraction: they should emerge irrespective of the source of information and inform multiple confidence-guided behaviors. It is unknown whether neural confidence signals meet these criteria. Here, we show that single orbitofrontal cortex neurons in rats encode statistical decision confidence irrespective of the sensory modality, olfactory or auditory, used to make a choice. The activity of these neurons also predicts two confidence-guided behaviors: trial-by-trial time investment and cross-trial choice strategy updating. Orbitofrontal cortex thus represents decision confidence consistent with a metacognitive process that is useful for mediating confidence-guided economic decisions.


Asunto(s)
Conducta/fisiología , Corteza Prefrontal/fisiología , Animales , Conducta de Elección/fisiología , Toma de Decisiones , Modelos Biológicos , Neuronas/fisiología , Ratas Long-Evans , Sensación/fisiología , Análisis y Desempeño de Tareas , Factores de Tiempo
8.
Cell ; 180(3): 552-567.e25, 2020 02 06.
Artículo en Inglés | MEDLINE | ID: mdl-32004462

RESUMEN

Cognitive faculties such as imagination, planning, and decision-making entail the ability to represent hypothetical experience. Crucially, animal behavior in natural settings implies that the brain can represent hypothetical future experience not only quickly but also constantly over time, as external events continually unfold. To determine how this is possible, we recorded neural activity in the hippocampus of rats navigating a maze with multiple spatial paths. We found neural activity encoding two possible future scenarios (two upcoming maze paths) in constant alternation at 8 Hz: one scenario per ∼125-ms cycle. Further, we found that the underlying dynamics of cycling (both inter- and intra-cycle dynamics) generalized across qualitatively different representational correlates (location and direction). Notably, cycling occurred across moving behaviors, including during running. These findings identify a general dynamic process capable of quickly and continually representing hypothetical experience, including that of multiple possible futures.


Asunto(s)
Conducta Animal/fisiología , Cognición/fisiología , Toma de Decisiones/fisiología , Hipocampo/fisiología , Potenciales de Acción/fisiología , Animales , Locomoción/fisiología , Masculino , Aprendizaje por Laberinto/fisiología , Red Nerviosa/fisiología , Neuronas/fisiología , Ratas , Ratas Long-Evans , Ritmo Teta/fisiología
9.
Cell ; 180(3): 536-551.e17, 2020 02 06.
Artículo en Inglés | MEDLINE | ID: mdl-31955849

RESUMEN

Goal-directed behavior requires the interaction of multiple brain regions. How these regions and their interactions with brain-wide activity drive action selection is less understood. We have investigated this question by combining whole-brain volumetric calcium imaging using light-field microscopy and an operant-conditioning task in larval zebrafish. We find global, recurring dynamics of brain states to exhibit pre-motor bifurcations toward mutually exclusive decision outcomes. These dynamics arise from a distributed network displaying trial-by-trial functional connectivity changes, especially between cerebellum and habenula, which correlate with decision outcome. Within this network the cerebellum shows particularly strong and predictive pre-motor activity (>10 s before movement initiation), mainly within the granule cells. Turn directions are determined by the difference neuroactivity between the ipsilateral and contralateral hemispheres, while the rate of bi-hemispheric population ramping quantitatively predicts decision time on the trial-by-trial level. Our results highlight a cognitive role of the cerebellum and its importance in motor planning.


Asunto(s)
Cerebelo/fisiología , Toma de Decisiones/fisiología , Tiempo de Reacción/fisiología , Pez Cebra/fisiología , Animales , Conducta Animal/fisiología , Mapeo Encefálico/métodos , Cerebro/fisiología , Cognición/fisiología , Condicionamiento Operante/fisiología , Objetivos , Habénula/fisiología , Calor , Larva/fisiología , Actividad Motora/fisiología , Movimiento , Neuronas/fisiología , Desempeño Psicomotor/fisiología , Rombencéfalo/fisiología
10.
Cell ; 177(4): 986-998.e15, 2019 05 02.
Artículo en Inglés | MEDLINE | ID: mdl-30982599

RESUMEN

By observing their social partners, primates learn about reward values of objects. Here, we show that monkeys' amygdala neurons derive object values from observation and use these values to simulate a partner monkey's decision process. While monkeys alternated making reward-based choices, amygdala neurons encoded object-specific values learned from observation. Dynamic activities converted these values to representations of the recorded monkey's own choices. Surprisingly, the same activity patterns unfolded spontaneously before partner's choices in separate neurons, as if these neurons simulated the partner's decision-making. These "simulation neurons" encoded signatures of mutual-inhibitory decision computation, including value comparisons and value-to-choice conversions, resulting in accurate predictions of partner's choices. Population decoding identified differential contributions of amygdala subnuclei. Biophysical modeling of amygdala circuits showed that simulation neurons emerge naturally from convergence between object-value neurons and self-other neurons. By simulating decision computations during observation, these neurons could allow primates to reconstruct their social partners' mental states.


Asunto(s)
Amígdala del Cerebelo/metabolismo , Amígdala del Cerebelo/fisiología , Toma de Decisiones/fisiología , Animales , Conducta Animal/fisiología , Conducta de Elección/fisiología , Relaciones Interpersonales , Aprendizaje/fisiología , Macaca mulatta/fisiología , Masculino , Neuronas/metabolismo , Neuronas/fisiología , Recompensa
11.
Cell ; 177(7): 1858-1872.e15, 2019 06 13.
Artículo en Inglés | MEDLINE | ID: mdl-31080067

RESUMEN

Decision making is often driven by the subjective value of available options, a value which is formed through experience. To support this fundamental behavior, the brain must encode and maintain the subjective value. To investigate the area specificity and plasticity of value coding, we trained mice in a value-based decision task and imaged neural activity in 6 cortical areas with cellular resolution. History- and value-related signals were widespread across areas, but their strength and temporal patterns differed. In expert mice, the retrosplenial cortex (RSC) uniquely encoded history- and value-related signals with persistent population activity patterns across trials. This unique encoding of RSC emerged during task learning with a strong increase in more distant history signals. Acute inactivation of RSC selectively impaired the reward-history-based behavioral strategy. Our results indicate that RSC flexibly changes its history coding and persistently encodes value-related signals to support adaptive behaviors.


Asunto(s)
Conducta Animal/fisiología , Toma de Decisiones/fisiología , Giro del Cíngulo/fisiología , Aprendizaje/fisiología , Plasticidad Neuronal/fisiología , Neuronas/fisiología , Animales , Ratones , Ratones Transgénicos
12.
Cell ; 173(4): 894-905.e13, 2018 05 03.
Artículo en Inglés | MEDLINE | ID: mdl-29706545

RESUMEN

Perceptual decisions require the accumulation of sensory information to a response criterion. Most accounts of how the brain performs this process of temporal integration have focused on evolving patterns of spiking activity. We report that subthreshold changes in membrane voltage can represent accumulating evidence before a choice. αß core Kenyon cells (αßc KCs) in the mushroom bodies of fruit flies integrate odor-evoked synaptic inputs to action potential threshold at timescales matching the speed of olfactory discrimination. The forkhead box P transcription factor (FoxP) sets neuronal integration and behavioral decision times by controlling the abundance of the voltage-gated potassium channel Shal (KV4) in αßc KC dendrites. αßc KCs thus tailor, through a particular constellation of biophysical properties, the generic process of synaptic integration to the demands of sequential sampling.


Asunto(s)
Dendritas/metabolismo , Proteínas de Drosophila/metabolismo , Drosophila/fisiología , Potenciales de Acción/efectos de los fármacos , Animales , Bario/farmacología , Conducta Animal/efectos de los fármacos , Encéfalo/metabolismo , Encéfalo/patología , Ciclohexanoles/farmacología , Proteínas de Drosophila/genética , Femenino , Factores de Transcripción Forkhead/genética , Factores de Transcripción Forkhead/metabolismo , Masculino , Neuronas/citología , Neuronas/metabolismo , Técnicas de Placa-Clamp , Receptores Odorantes/metabolismo , Canales de Potasio Shal/genética , Canales de Potasio Shal/metabolismo , Olfato , Sinapsis/metabolismo
13.
Annu Rev Neurosci ; 44: 109-128, 2021 07 08.
Artículo en Inglés | MEDLINE | ID: mdl-34236891

RESUMEN

Animals operate in complex environments, and salient social information is encoded in the nervous system and then processed to initiate adaptive behavior. This encoding involves biological embedding, the process by which social experience affects the brain to influence future behavior. Biological embedding is an important conceptual framework for understanding social decision-making in the brain, as it encompasses multiple levels of organization that regulate how information is encoded and used to modify behavior. The framework we emphasize here is that social stimuli provoke short-term changes in neural activity that lead to changes in gene expression on longer timescales. This process, simplified-neurons are for today and genes are for tomorrow-enables the assessment of the valence of a social interaction, an appropriate and rapid response, and subsequent modification of neural circuitry to change future behavioral inclinations in anticipation of environmental changes. We review recent research on the neural and molecular basis of biological embedding in the context of social interactions, with a special focus on the honeybee.


Asunto(s)
Encéfalo , Interacción Social , Animales , Neuronas , Conducta Social
14.
Annu Rev Neurosci ; 44: 315-334, 2021 07 08.
Artículo en Inglés | MEDLINE | ID: mdl-33761268

RESUMEN

Advances in the instrumentation and signal processing for simultaneously acquired electroencephalography and functional magnetic resonance imaging (EEG-fMRI) have enabled new ways to observe the spatiotemporal neural dynamics of the human brain. Central to the utility of EEG-fMRI neuroimaging systems are the methods for fusing the two data streams, with machine learning playing a key role. These methods can be dichotomized into those that are symmetric and asymmetric in terms of how the two modalities inform the fusion. Studies using these methods have shown that fusion yields new insights into brain function that are not possible when each modality is acquired separately. As technology improves and methods for fusion become more sophisticated, the future of EEG-fMRI for noninvasive measurement of brain dynamics includes mesoscale mapping at ultrahigh magnetic resonance fields, targeted perturbation-based neuroimaging, and using deep learning to uncover nonlinear representations that link the electrophysiological and hemodynamic measurements.


Asunto(s)
Electroencefalografía , Imagen por Resonancia Magnética , Encéfalo/diagnóstico por imagen , Mapeo Encefálico , Humanos , Neuroimagen
15.
Annu Rev Neurosci ; 44: 495-516, 2021 07 08.
Artículo en Inglés | MEDLINE | ID: mdl-33945693

RESUMEN

The discovery of neural signals that reflect the dynamics of perceptual decision formation has had a considerable impact. Not only do such signals enable detailed investigations of the neural implementation of the decision-making process but they also can expose key elements of the brain's decision algorithms. For a long time, such signals were only accessible through direct animal brain recordings, and progress in human neuroscience was hampered by the limitations of noninvasive recording techniques. However, recent methodological advances are increasingly enabling the study of human brain signals that finely trace the dynamics of the unfolding decision process. In this review, we highlight how human neurophysiological data are now being leveraged to furnish new insights into the multiple processing levels involved in forming decisions, to inform the construction and evaluation of mathematical models that can explain intra- and interindividual differences, and to examine how key ancillary processes interact with core decision circuits.


Asunto(s)
Encéfalo , Toma de Decisiones , Algoritmos , Animales , Mapeo Encefálico , Humanos
16.
Annu Rev Cell Dev Biol ; 31: 317-45, 2015.
Artículo en Inglés | MEDLINE | ID: mdl-26566114

RESUMEN

Correct and timely lineage decisions are critical for normal embryonic development and homeostasis of adult tissues. Therefore, the search for fundamental principles that underlie lineage decision-making lies at the heart of developmental biology. Here, we review attempts to understand lineage decision-making as the interplay of single-cell heterogeneity and gene regulation. Fluctuations at the single-cell level are an important driving force behind cell-state transitions and the creation of cell-type diversity. Gene regulatory networks amplify such fluctuations and define stable cell types. They also mediate the influence of signaling inputs on the lineage decision. In this review, we focus on insights gleaned from in vitro differentiation of embryonic stem cells. We discuss emerging concepts, with an emphasis on transcriptional regulation, dynamical aspects of differentiation, and functional single-cell heterogeneity. We also highlight some novel tools to study lineage decision-making in vitro.


Asunto(s)
Linaje de la Célula/genética , Regulación del Desarrollo de la Expresión Génica/genética , Redes Reguladoras de Genes/genética , Animales , Diferenciación Celular/genética , Desarrollo Embrionario/genética , Células Madre Embrionarias/fisiología , Humanos , Transducción de Señal/genética
17.
Mol Cell ; 74(1): 59-72.e3, 2019 04 04.
Artículo en Inglés | MEDLINE | ID: mdl-30745087

RESUMEN

Bacillus phages use a communication system, termed "arbitrium," to coordinate lysis-lysogeny decisions. Arbitrium communication is mediated by the production and secretion of a hexapeptide (AimP) during lytic cycle. Once internalized, AimP reduces the expression of the negative regulator of lysogeny, AimX, by binding to the transcription factor, AimR, promoting lysogeny. We have elucidated the crystal structures of AimR from the Bacillus subtilis SPbeta phage in its apo form, bound to its DNA operator and in complex with AimP. AimR presents intrinsic plasticity, sharing structural features with the RRNPP quorum-sensing family. Remarkably, AimR binds to an unusual operator with a long spacer that interacts nonspecifically with the receptor TPR domain, while the HTH domain canonically recognizes two inverted repeats. AimP stabilizes a compact conformation of AimR that approximates the DNA-recognition helices, preventing AimR binding to the aimX promoter region. Our results establish the molecular basis of the arbitrium communication system.


Asunto(s)
Fagos de Bacillus/metabolismo , Lisogenia , Proteínas Virales/metabolismo , Fagos de Bacillus/genética , Bacillus subtilis/virología , ADN/metabolismo , Regulación Viral de la Expresión Génica , Modelos Moleculares , Unión Proteica , Dominios y Motivos de Interacción de Proteínas , Estabilidad Proteica , Transducción de Señal , Relación Estructura-Actividad , Proteínas Virales/química , Proteínas Virales/genética
18.
Proc Natl Acad Sci U S A ; 121(18): e2314428121, 2024 Apr 30.
Artículo en Inglés | MEDLINE | ID: mdl-38652743

RESUMEN

This paper studies the effect of air pollution on voting outcomes. We use data from 60 federal and state elections in Germany from 2000 to 2018 and exploit plausibly exogenous fluctuations in ambient air pollution within counties across election dates. Higher air pollution on election day shifts votes away from incumbent parties and toward opposition parties. An increase in the concentration of particulate matter (PM10) by 10 [Formula: see text]g/m[Formula: see text]-around two within-county SDs-reduces the vote share of incumbent parties by two percentage points, which is equivalent to 4% of the mean vote share. We generalize these findings by documenting similar effects with data from a weekly opinion poll and a large-scale panel survey. We provide further evidence that poor air quality leads to more negative emotions such as anger, worry, and unhappiness, which, in turn, may reduce the support for the political status quo. Overall, these results suggest that poor air quality affects decision-making in the population at large, including consequential political decisions.

19.
Proc Natl Acad Sci U S A ; 121(22): e2322617121, 2024 May 28.
Artículo en Inglés | MEDLINE | ID: mdl-38771873

RESUMEN

Optimal decision-making balances exploration for new information against exploitation of known rewards, a process mediated by the locus coeruleus and its norepinephrine projections. We predicted that an exploitation-bias that emerges in older adulthood would be associated with lower microstructural integrity of the locus coeruleus. Leveraging in vivo histological methods from quantitative MRI-magnetic transfer saturation-we provide evidence that older age is associated with lower locus coeruleus integrity. Critically, we demonstrate that an exploitation bias in older adulthood, assessed with a foraging task, is sensitive and specific to lower locus coeruleus integrity. Because the locus coeruleus is uniquely vulnerable to Alzheimer's disease pathology, our findings suggest that aging, and a presymptomatic trajectory of Alzheimer's related decline, may fundamentally alter decision-making abilities in later life.


Asunto(s)
Envejecimiento , Toma de Decisiones , Locus Coeruleus , Imagen por Resonancia Magnética , Locus Coeruleus/diagnóstico por imagen , Locus Coeruleus/fisiología , Humanos , Toma de Decisiones/fisiología , Anciano , Masculino , Femenino , Envejecimiento/fisiología , Enfermedad de Alzheimer/diagnóstico por imagen , Enfermedad de Alzheimer/patología , Persona de Mediana Edad , Anciano de 80 o más Años , Recompensa
20.
Proc Natl Acad Sci U S A ; 121(16): e2307982121, 2024 Apr 16.
Artículo en Inglés | MEDLINE | ID: mdl-38593084

RESUMEN

A major aspiration of investors is to better forecast stock performance. Interestingly, emerging "neuroforecasting" research suggests that brain activity associated with anticipatory reward relates to market behavior and population-wide preferences, including stock price dynamics. In this study, we extend these findings to professional investors processing comprehensive real-world information on stock investment options while making predictions of long-term stock performance. Using functional MRI, we sampled investors' neural responses to investment cases and assessed whether these responses relate to future performance on the stock market. We found that our sample of investors could not successfully predict future market performance of the investment cases, confirming that stated preferences do not predict the market. Stock metrics of the investment cases were not predictive of future stock performance either. However, as investors processed case information, nucleus accumbens (NAcc) activity was higher for investment cases that ended up overperforming in the market. These findings remained robust, even when controlling for stock metrics and investors' predictions made in the scanner. Cross-validated prediction analysis indicated that NAcc activity could significantly predict future stock performance out-of-sample above chance. Our findings resonate with recent neuroforecasting studies and suggest that brain activity of professional investors may help in forecasting future stock performance.


Asunto(s)
Fenómenos Fisiológicos del Sistema Nervioso , Núcleo Accumbens , Humanos , Predicción , Inversiones en Salud
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