Erik M. Mueller

While frontal midline theta (FMθ) has been associated with threat processing, with cognitive control in the context of anxiety, and with reinforcement learning, most reinforcement learning studies on FMθ have used reward rather than threat‐related stimuli as reinforcer. Accordingly, the role of FMθ in threat‐related reinforcement learning is largely unknown. Here, n = 23 human participants underwent one reward‐, and one punishment‐, based reversal learning task, which differed only with regard to the kind of reinforcers that feedback was tied to (i.e., monetary gain vs. loud noise burst, respectively). In addition to single‐trial EEG, we assessed single‐trial feedback expectations based on both a reinforcement learning computational model and trial‐by‐trial subjective feedback expectation ratings. While participants' performance and feedback expectations were comparable between the reward and punishment tasks, FMθ was more reliably amplified to negative vs. positive feedback in the reward vs. punishment task. Regressions with feedback valence, computationally derived, and self‐reported expectations as predictors and FMθ as criterion further revealed that trial‐by‐trial variations in FMθ specifically relate to reward‐related feedback‐valence and not to threat‐related feedback or to violated expectations/prediction errors. These findings suggest that FMθ as measured in reinforcement learning tasks may be less sensitive to the processing of events with direct relevance for fear and anxiety.