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There is a need for reliable and valid methods to delineate behavioral and biological processes underlying stages of reward responsiveness. Event\u2010related potentials (ERPs) offer a promising method for examining the temporal dynamics of reward processing, but the literature has mainly focused on the feedback stage and often single components. We investigated the electrophysiological aspects of reward anticipation and initial response to reward using an ERP monetary incentive delay task in 114 emerging adults. Principal component analysis was used to derive temporally and spatially distinct ERP components sensitive to reward processing. Components that reflect initial engagement toward a cue indicating potential reward (cue\u2010P3) and anticipation of possible reward feedback (stimulus\u2010preceding negativity; SPN) emerged in the anticipatory stage. In the initial response to reward stage, a reward positivity (RewP) was found. We further tested the association between ERPs and self\u2010reported facets of the behavioral activation system. Greater self\u2010reported reward responsiveness was associated with heightened response in the anticipatory stage (i.e., cue\u2010P3, SPN). Self\u2010reported drive was <jats:italic>positively<\/jats:italic> associated with RewP, but fun\u2010seeking was <jats:italic>negatively<\/jats:italic> associated with RewP. Additional components were observed beyond those identified in prior work, warranting future research on temporal dynamics of reward processing across stages. Furthermore, examination of a broader range of reward\u2010related ERPs in clinical populations has the potential to more precisely characterize alterations in positive valence systems in psychopathology.<\/jats:p>","DOI":"10.1111\/psyp.13764","type":"journal-article","created":{"date-parts":[[2021,1,15]],"date-time":"2021-01-15T11:35:49Z","timestamp":1610710549000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":22,"title":["Differentiating stages of reward responsiveness: Neurophysiological measures and associations with facets of the behavioral activation system"],"prefix":"10.1111","volume":"58","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-2080-8827","authenticated-orcid":false,"given":"Samantha","family":"Pegg","sequence":"first","affiliation":[{"name":"Department of Psychology and Human Development Vanderbilt University Nashville TN USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-7973-6146","authenticated-orcid":false,"given":"Hee Jung","family":"Jeong","sequence":"additional","affiliation":[{"name":"Department of Psychology Vanderbilt University Nashville TN USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Dan","family":"Foti","sequence":"additional","affiliation":[{"name":"Department of Psychological Sciences Purdue University West Lafayette IN USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0560-4589","authenticated-orcid":false,"given":"Autumn","family":"Kujawa","sequence":"additional","affiliation":[{"name":"Department of Psychology and Human Development Vanderbilt University Nashville TN USA"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2021,1,12]]},"reference":[{"key":"e_1_2_7_2_1","doi-asserted-by":"publisher","DOI":"10.1111\/psyp.12672"},{"key":"e_1_2_7_3_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.neures.2009.10.011"},{"key":"e_1_2_7_4_1","first-page":"253","volume-title":"Handbook of positive emotion and psychopathology","author":"Barch D. 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