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The funders had no role in the design of the study; in the collection, analyses, or interpretation of data; in the writing of the manuscript; or in the decision to publish the results.
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Comparing losses to NWs, five studies showed that losses produced a more negative FRN than NWs (Kreussel et al., 2013; Lole et al., 2013, 2015; Luo et al., 2011; Xia et al., 2018). However, one study showed that NWs produced a more negative FRN than losses (Ulrich & Hewig, 2014), while three studies showed no differences (Dores et al., 2020; Qi et al., 2011; Ulrich & Hewig, 2018). NWs elicited a larger amplitude than losses in eight studies (Alicart et al., 2015; Dores et al., 2020; Lole et al., 2015; Luo et al., 2011; Qi et al., 2011; Ulrich & Hewig, 2014, 2018; Xia et al., 2018). The amplitudes elicited by wins and losses were further modulated by expectancy. In cases of an expected reward, the P300 amplitude for wins was larger than when the reward was unexpected in one study (Wu & Zhou, 2009). Furthermore, wins led to a higher P300 amplitude than NWs before the payline, and losses led to a higher P300 amplitude than NWs after the payline (Dores et al., 2020).
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