Electroencephalography is an excellent tool for assessing neurobiological and neurotransmission dysfunction. Event-related potentials (ERPs) are a simple, non-invasive method of studying neurophysiology. ERPs reflect complex activity of neural networks to blame for discriminative behavior of people and recognition of novel stimuli. They are defined as brain voltage fluctuations linked in time with some physical or mental event. EEG is used to assess ERPs, and its use has grown in popularity since the 1960s. This article provides an overview of the ERP methods as well as the properties of the various ERP components (contingent negative variation, namely wave P300, Bereitschafts potential, and mismatch negativity). It also describes ERP alterations linked with neurologic and psychiatric disorders and discusses the possibility of using this technique in experimental psychology. ERPs may reveal psychophysiological characteristics in obsessive compulsive disorder patients, which may have therapeutic and pharmacological consequences. The P3 wave is the most significant and researched component of the ERP record. It is divided into two parts: P3a and P3b. The P3 wave has therapeutic significance, in addition to its application in neurophysiological and psychophysiological research. One neurophysiology indicator of cognitive impairment in depression is the P300 component of the ERPs. The severity of the illness as well as sociodemographic disparities is likely to influence individuals with neurotic disorders' access to psychiatric care in the general community.

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http://www.ncbi.nlm.nih.gov/pmc/articles/PMC9123476PMC

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