present study were four-fold: 1) the gain conditions will produce higher amplitude and shorter latency than the loss conditions in ORN and ORP components, 2) the larger amount will produce higher amplitude than the smaller amount in ORN and ORP components, 3) the higher the impulsivity related scores, the lower the amplitude and the shorter the latency of ORN and ORP components, 4) there will be gender differences while processing the quality and quantity of outcomes in ORN and ORP components, as well as in the impulsivity/behavioral measures. In the following sections, the terms ORN and ORP will, wherever appropriate, replace the terms N2 and P3 respectively. Further, the present study also examined the view that the loss and gain are mediated by separate and distinct brain regions, apart from the common areas associated with the reward circuitry [20]. As this study involved both surface potential and current density measures in each gender, it was expected to shed light on the understanding of gender differences with regard to the neurocognitive correlates of monetary loss and gain and of impulsivity.