Positive affect modulates memory by regulating the influence of reward prediction errors.

How our decisions impact our memories is not well understood. Reward prediction errors (RPEs), the difference between expected and obtained reward, help us learn to make optimal decisions-providing a signal that may influence subsequent memory. To measure this influence and how it might go awry in mood disorders, we recruited a large cohort of human participants to perform a decision-making task in which perceptually memorable stimuli were associated with probabilistic rewards, followed by a recognition test for those stimuli. Computational modeling revealed that positive RPEs enhanced both the accuracy of memory and the temporal efficiency of memory search, beyond the contribution of perceptual information. Critically, positive affect upregulated the beneficial effect of RPEs on memory. These findings demonstrate how affect selectively regulates the impact of RPEs on memory, providing a computational mechanism for biased memory in mood disorders.