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Published October 2021 | Submitted + Accepted Version
Journal Article Open

The hierarchical construction of value


Here we argue that the assignment of subjective value to potential outcomes at the time of decision-making is an active process, in which individual features of a potential outcome of varying degrees of abstraction are represented hierarchically and integrated in a weighted fashion to produce an overall value judgment. We implicate the lateral orbital and medial prefrontal cortex in this function, situating these areas more broadly within a hierarchical integration process that takes place throughout the cortex for the ultimate purpose of valuing options to guide decisions.

Additional Information

© 2021 Elsevier Ltd. Available online 7 May 2021. This work is supported by grants from the National Institutes of Mental Health (R01MH11425, R01MH121089, R21MH120805, the NIMH Caltech Conte Center on the neurobiology of social decision-making, P50MH094258) and the National Institute on Drug Abuse (R01DA040011) to JOD. KI thanks the Swartz Foundation and Suntory Foundation. Conflict of interest statement: Nothing declared.

Attached Files

Accepted Version - nihms-1702153.pdf

Submitted - ValueConstruction_withFigures_ODoherty_Rutishauser_IIgaya.pdf


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August 20, 2023
October 20, 2023