Functional connectivity refers to the temporal synchrony or correlation between signals of two or more spatially separated regions as an index of functional integration between neural populations [21]–[24]. In psychotic disorders, functional connectivity has often been examined using functional MRI due to the high spatial resolution of this technique that allows for an accurate localization of brain regions with abnormal functional interactions [4]. However, unlike neurophysiological techniques including EEG, MRI has a low temporal resolution, and is not able to measure neural activity directly but instead relies on the hemodynamic changes that may occur in response to neural activity [25]. Because EEG time-series data directly relate to dynamic postsynaptic activity in the cerebral cortex with a high temporal resolution, EEG is suitable to visualize synchronization across frequency bands in large-scale functional networks. Despite these advantages, EEG suffers from the problem of volume conduction or common sources, which gives rise to spurious correlations between time series recorded from nearby electrodes [26]. Although several approaches have been proposed to overcome this limitation [26], [27], finding reliable measures of physiological functional connectivity remains challenging.