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In this longitudinal study, we investigated this adaptivity, as measured by probabilistic reversal learning (PReL) tasks, in <jats:italic>N<\/jats:italic>\u2009=\u2009143 adolescents at ages 14, 16 and 18. Computational modelling and functional magnetic resonance imaging were applied to identify the neurocognitive processes underlying reversal learning and its development. Previous studies have demonstrated a correlation between heavy alcohol use and impaired reversal learning. Our hypothesis was that PReL is negatively associated with current and future alcohol use and that alcohol use impairs PReL by altering neurocognitive processes. Behaviourally, PReL performance improved, which was associated with a lower probability of switching choices and was considered an adaptive process. Computationally, this was accounted for by higher learning rates, enhanced sensitivity to wins and reduced sensitivity to losses in older adolescents. 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