Projection of a 3D scene onto the 2D retina necessarily entails a loss of i
nformation, yet perceivers experience a world populated with volumetric obj
ects. Using simultaneous behavioral and neural (fMRI) measures, we identify
neural bases of volume perception. Neural activity in the lateral occipita
l cortex increased with presentation bf 3D volumes relative to presentation
of 2D shapes. Neural activity also modulated with perceived volume, indepe
ndent of image information. When behavioral responses indicated that observ
ers saw ambiguous images as 3D volumes, neural response increased; when beh
avioral data revealed a 2D interpretation, neural response waned. Crucially
, the physical stimulus was identical under both interpretations; only the
percept of volume can account for the increased neural activity.