Value network engagement and effects of memory-related processing during encoding and retrieval of value
Decision makers rely on episodic memory to calculate choice values in everyday life, yet it is unclear how neural mechanisms of valuation differ when value-related information is encoded versus retrieved from episodic memory. The current fMRI study compared neural correlates of subjective value while value-related information was encoded versus retrieved from memory. Scanned tasks were followed by a behavioral episodic memory test for item-attribute associations. Our analyses sought to i) identify neural correlates of subjective value that were distinct and common across encoding and retrieval, and ii) determine whether neural mechanisms of subjective valuation and episodic memory interact, reflecting cooperation or competition between systems. The study yielded three primary findings. First, we found similar subjective value-related activation in the fronto-striatal reward circuit and posterior parietal cortex across valuation phases. Second, value-related activation in select fronto-parietal and salience regions was significantly greater at value retrieval. Third, we found no evidence of an interaction between neural correlates of subjective valuation and episodic memory. Taken with prior research, our findings suggest that context-specific effects are likely to determine whether neural correlates of subjective value interact with episodic memory, and indicate that fronto-parietal and salience regions play a key role in retrieval-dependent valuation.