We investigated the effect of reward expectation on the processing of emotional words in two experiments using event-related potentials (ERPs). A cue indicating the reward condition of each trial (incentive vs. non-incentive) was followed by the presentation of a negative or neutral word, the target. Participants were asked to discriminate the emotional content of the target word in Experiment 1 and to discriminate the color of the target word in Experiment 2, rendering the emotionality of the target word task-relevant in Experiment 1, but task-irrelevant in Experiment 2. The negative bias effect, in terms of the amplitude difference between ERPs for negative and neutral targets, was modulated by the task-set. In Experiment 1, P31 and early posterior negativity (EPN) revealed a larger negative bias effect in the incentive condition than that in the non-incentive condition. However, in Experiment 2, P31 revealed a diminished negative bias effect in the incentive condition compared to that in the non-incentive condition. These results indicate that reward expectation improves top-down attentional concentration to task-relevant information, with enhanced sensitivity to the emotional content of target words when emotionality is task-relevant, but with reduced differential brain responses to emotional words when their content is task-irrelevant.

The current study used a modified Monetary Incentive Delay task to examine the neural mechanisms underlying anticipating and receiving an immediate or delayed reward and examined the influence of pursuing these rewards on cognitive task performance. A pre-cue indicating the potential of gaining a monetary reward (immediate-, delayed-, vs. no-reward) was followed by a target stimulus requiring a fast and accurate response. Then, response-contingent feedback was presented indicating whether or not the participant would receive the corresponding reward. Linear mixed-effect models revealed the fastest behavioural responses and the strongest neural activity, as reflected in event-related-potentials and event-related-spectral-perturbation responses, for immediate reward, followed by delayed reward, with the slowest behavioural responses and the weakest neural activities observed in the no-reward condition. Expectations related to the cue-P3 component and the cue-delta activities predicted behavioural performance, especially in the immediate reward condition. Moreover, exploratory analyses revealed that depression moderated the relationship between target-locked neural activity and behavioural performance in the delayed reward condition, with lower neural activity being related to worse behavioural performance amongst participants scoring high on depression. These results indicate that differential value representations formed through delay discounting directly affect neural responses in reward processing and directly influence the effort invested in the current task, which is reflected by behavioural responses and is in agreement with the expected value of control theory.