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Yet, prior event\u2010related potential work in this area has been contentious. This study contributes to this field by using time\u2010frequency measures to better isolate constituent processes. Specifically, we identify how theta and delta are differentially sensitive to local outcome history. Participants completed a binary monetary choice task while we collected EEG data. Unbeknownst to them, trial outcomes were manipulated into pre\u2010determined sequences, ranging from one to eight gains or losses in a row. Analyses were arranged by sequence establishment (first 2 trials of a sequence) and continuation (prolonged sequences of 3\u20138 trials). During the establishment of a sequence, delta activity to gains and losses were virtually identical on the first (change) trial, demonstrating marked divergence only on the second trial. This difference grew throughout the continuation period, as delta activity was sustained with accruing gains but declined with multiple losses. Theta activity, conversely, demonstrated a maximal loss\u2010gain difference on the change trial but was insensitive to the establishment of a new sequence. Differential theta activity between outcomes decreased as sequences continued, with theta activity increasing over accruing gains and remaining stable over losses. Results indicate that delta\u2010gain and theta\u2010loss signals are relatively stable across sequential outcomes. Furthermore, theta is most sensitive to loss\u2010gain differences on the initial change trial, while delta is more sensitive to gain\u2010loss differences with the continuation of a sequence.<\/jats:p>","DOI":"10.1111\/psyp.13907","type":"journal-article","created":{"date-parts":[[2021,7,26]],"date-time":"2021-07-26T17:26:16Z","timestamp":1627320376000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":10,"title":["Sequential gains and losses during gambling feedback: Differential effects in time\u2010frequency delta and theta measures"],"prefix":"10.1111","volume":"59","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-0451-0732","authenticated-orcid":false,"given":"Matthew D.","family":"Bachman","sequence":"first","affiliation":[{"name":"Department of Psychology &amp; Neuroscience Duke University  Durham NC USA"},{"name":"Center for Cognitive Neuroscience Duke University  Durham NC USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Adreanna T. 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