Significance?... Significance! Empirical, methodological, and theoretical connections between the late positive potential and P300 as neural responses to stimulus significance: An integrative review

Abstract Event‐related potential studies of emotional processing have focused on the late positive potential (LPP), a sustained positive deflection in the ERP that is increased for emotionally arousing stimuli. A prominent theory suggests that modulation of the LPP is a response to stimulus significance, defined in terms of the activation of appetitive and aversive motivational systems. The current review incorporates experimental studies showing that manipulations that alter the significance of stimuli alter LPP amplitude. Complementing these within‐person studies, also included is individual differences research on depression wherein the LPP has been used to study reduced neural sensitivity to emotional stimuli. Finally, the current review builds an existing framework that the LPP observed in studies in emotional processing and the P300 observed in classic oddball studies may reflect a common response to stimulus significance. This integrative account has implications for the functional interpretation of these ERPs, their neurobiological mechanisms, and clinical applications.