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Home » How Dopamine & Serotonin Shape Decisions w/ Dr. Read Montague (Transcript)

How Dopamine & Serotonin Shape Decisions w/ Dr. Read Montague (Transcript)

Editor’s Notes: In this episode of the Huberman Lab Podcast, Dr. Andrew Huberman welcomes Dr. Read Montague, a pioneer in computational neuroscience and an expert on the science of motivation, decision-making, and learning. They explore the true role of dopamine, moving beyond its reputation as a simple “reward” molecule to explain how it functions as a learning signal that helps us adjust our behavior based on fluctuating expectations. The conversation also delves into the fascinating interaction between dopamine and serotonin, including how these systems shape our persistence and how common medications like SSRIs can impact the brain’s reward processing. You will gain a deeper understanding of how these neuromodulators impact everyday life and discover science-based tools to better leverage motivation and neuroplasticity. (Feb 2, 2026)

TRANSCRIPT:

Introduction

ANDREW HUBERMAN: Welcome to the Huberman Lab podcast, where we discuss science and science-based tools for everyday life. I’m Andrew Huberman and I’m a professor of neurobiology and ophthalmology at Stanford School of Medicine.

My guest today is Dr. Read Montague. Dr. Read Montague is the Director of the Center for Human Neuroscience Research at Virginia Tech. He is also an expert in the science of motivation, decision-making and learning, and a pioneer in developing methods to directly measure levels of dopamine and other neuromodulators in humans in real time.

Today you’ll learn how dopamine really works, not just to regulate your levels of motivation—we’ve all heard that before—but also to teach you things. Dopamine is involved in learning as well as persistence, or lack of persistence, as Read will teach you.

Most of what we hear and know about dopamine is based on the idea that dopamine levels go up or down depending on our levels of expectations and then what happens. But as he explains, most aspects of life—work, school, relationships, our pursuit of money—involve multiple milestones. We work, we wait, then we get an outcome that in turn informs the thing we do next. Or maybe dopamine arrives suddenly with no work involved at all.

In other words, dopamine levels are constantly changing and that shapes not just what you do now, but how you think about your recent past and what you will do next. So when we say dopamine is involved in learning today, you are going to realize that dopamine is teaching you how to adjust your behavior.

We of course discuss how this knowledge can be leveraged for better motivation and decision-making, even better social interactions. And we also discuss serotonin and how dopamine and serotonin work in sort of seesaw fashion, and how serotonin in particular teaches you about unwanted outcomes.

We also have a discussion about SSRIs that you’re going to find fascinating. As Read points out, SSRIs increase levels of serotonin, but often that serotonin gets used at the dopamine synapses to reduce the rewarding properties of dopamine.

So today’s discussion about dopamine and serotonin is going to be vastly different than any that you’ve heard or read about elsewhere. You’re going to learn how those neuromodulators work, and you’re going to learn how they impact your everyday life and decision-making.

As we all know, discussions about dopamine and serotonin are everywhere nowadays. But in today’s episode, you’re going to learn from a top expert in the field what these molecules truly do. And that’s going to help you better leverage your efforts, introduce what we call deliberate delays and how to use tools like AI to improve your levels of motivation and your ability to learn through neuroplasticity.

Before we begin, I’d like to emphasize that this podcast is separate from my teaching and research roles at Stanford. It is, however, part of my desire and effort to bring zero cost to consumer information about science and science-related tools to the general public.

And now for my discussion with Dr. Read Montague.

Reconnecting After 15 Years

ANDREW HUBERMAN: Dr. Read Montague, great to see you after all these 15 years.

READ MONTAGUE: 15 years. You turned us down for a job offer then.

ANDREW HUBERMAN: I did, but we both turned out okay.

READ MONTAGUE: Well, I hope so. We’ll see.

ANDREW HUBERMAN: Well, you certainly turned out okay. And you look great. It’s always great to see a colleague looking so fit and healthy who also raised five children successfully and all those things. We’ll talk a little bit about your life and maybe your athletic life a little bit later.

But I want to talk about dopamine. The world is obsessed with dopamine now. Until very recently, people thought about dopamine as a reward. Now, slowly, people are starting to understand that dopamine is involved with things other than feeling good, such as motivation, movement, et cetera.

How do you think about dopamine, the neuromodulator? And then we’ll move into the context in which you study dopamine. But when somebody says, “What does dopamine do?” How do you think and respond to that question?

Beyond the Pleasure Molecule: Dopamine as a Learning Signal

READ MONTAGUE: Well, it used to be that dopamine was thought to equal pleasure. Dopamine goes up, you feel good. Dopamine goes down, you feel less good. Okay. There’s been an explosion of work on it.

Most of the new work that’s not psychological has been out of the artificial intelligence world, what’s now called artificial intelligence. It’s very clearly a learning signal, number one. So dopamine fluctuations—high and low—control learning.

It’s also playing multiple roles. It plays a role in motivation, and it may also play a role in the way you feel. Okay. It’s less well understood how the sort of mechanics of what dopamine does for changing your nervous system relates to your feeling state. You can have a feeling state that’s good and see things that don’t correlate with dopamine being the cause of it.

ANDREW HUBERMAN: Let’s talk about dopamine in the context of learning, because that’s something that I think most people don’t associate with dopamine.