From:  Emerging insights in human brain and behavior from intracranial recordings

 Summary of key findings from human intracranial recording studies of reward, value, and decision-making.

StudyTitleKey takeaway
Cohen et al., 2009 [16]Good Vibrations: Cross-frequency Coupling in the Human Nucleus Accumbens during Reward ProcessingGamma-alpha coupling in the nucleus accumbens acts as a gating mechanism encoding reward information via phase coding.
Lega et al., 2011 [17]Neuronal and oscillatory activity during reward processing in the human ventral striatumReward processing in the ventral striatum involves reward-sensitive neurons and distinct oscillatory patterns differentiating positive versus negative feedback.
Kishida et al., 2016 [18]Subsecond dopamine fluctuations in human striatum encode superposed error signals about actual and counterfactual rewardSubsecond dopamine fluctuations encode integrated RPEs, including actual and counterfactual outcomes.
Li et al., 2016 [19]The neural dynamics of reward value and risk coding in the human orbitofrontal cortexDifferent OFC subregions encode reward probability, risk, and experienced value at distinct time points during reward anticipation and delivery.
Saez et al., 2018 [13]Encoding of Multiple Reward-Related Computations in Transient and Sustained High-Frequency Activity in Human OFCHuman OFC shows fast transient and sustained high-frequency activity reflecting multiple valuation signals, including risk and outcome regret.
Lopez-Persem et al., 2020 [20]Four core properties of the human brain valuation system demonstrated in intracranial signalsSubjective value is encoded in both OFC and parahippocampal cortex, modulated by pre-stimulus activity, and follows linear and quadratic functions.
Gueguen et al., 2021 [21]Anatomical dissociation of intracerebral signals for reward and punishment prediction errors in humansBroadband gamma activity encodes reward and punishment outcomes and expectations in anatomically distinct human brain regions.
Jamali et al., 2021 [22]Single-neuronal predictions of others’ beliefs in humansNeurons in human dmPFC encode others’ beliefs, supporting theory of mind processing at the single-neuron level.
Manssuer et al., 2022 [23]Integrated Amygdala, Orbitofrontal and Hippocampal Contributions to Reward and Loss Coding Revealed with Human Intracranial EEGReward anticipation synchronizes hippocampus, amygdala, and OFC activity, implicating these regions in memory and motivation integration.
Aquino et al., 2023 [24]Neurons in human pre-supplementary motor area encode key computations for value-based choicePreSMA neurons integrate separate choice variables into unified value signals guiding decision making.
Collomb-Clerc et al., 2023 [25]Human thalamic low-frequency oscillations correlate with expected value and outcomes during reinforcement learningLow-frequency oscillations in thalamic subregions correlate with expected value signals during reward and punishment learning.
Hoy et al., 2023 [26]Asymmetric coding of reward prediction errors in human insula and dorsomedial prefrontal cortexInsula leads dmPFC in processing and communicating asymmetric RPE signals based on valence and salience.
Marciano et al., 2023 [27]Electrophysiological signatures of inequity-dependent reward encoding in the human OFCOFC high-frequency activity encodes self and others’ rewards, including social inequity types, reflecting social valuation processes.
Batten et al., 2024 [28]Dopamine and serotonin in human substantia nigra track social context and value signals during economic exchangeDopamine in the substantia nigra tracks RPEs, while serotonin tracks offer value modulated by social context during economic exchanges.
Man et al., 2024 [29]Temporally organized representations of reward and risk in the human brainReward and risk representations in the human brain are temporally organized, revealing how these computations unfold over time.

This table provides the key takeaway for each study, highlighting electrophysiological signatures, neural computations, and brain regions involved in processing reward, risk, prediction errors, and social valuation. dmPFC: dorsomedial prefrontal cortex; HC: hippocampus; HFA: high-frequency activity; INS: insula; LFO: low-frequency oscillations; OFC: orbitofrontal cortex; PHC: parahippocampal cortex; preSMA: pre-supplementary motor area; RPE: reward prediction error.