“…In these studies, the RewP (or FRN) has typically been investigated as an electrocortical manifestation of reward prediction errors, with more negative amplitudes being observed for loss feedback than for gain feedback, and the difference between feedback valences being enhanced by greater reward expectancies (Bellebaum & Daum, ; Bellebaum, Polezzi, et al, ), and when outcomes differ from expectations (Pfabigan et al, ). However, these effects have not always been consistently observed, with several studies finding that the FRN is sensitive to binary differences in outcome (e.g., reward vs. nonreward) and not expectancy and expectancy violation (Highsmith, Wuensch, Tran, Stephenson, & Everhart, ). The findings of the present study are in broad agreement with research that interprets the RewP as a binary index of desired versus undesired outcomes, rather than a measure of expectancy violation and prediction error per se.…”