Can EEG and ERP endophenotypes help identify and confirm novel genetic risk factors for psychiatric disease? To do so they must, first of all, be predictive of psychiatric disorders. There is a huge corpus of literature on the use of EEG or ERP endophenotypes as risk markers for psychiatric disorder. It is impossible to review this corpus in a few words here, but two examples may serve to illustrate it. First, frontal asymmetry of EEG α power (FA) has been studied extensively as a correlate of individual differences in emotional response. Greater left hemispheric activity has been associated with a tendency to approach things of interest, and greater right hemispheric activity with withdrawal-related tendencies [22,23]. Disturbances in the emotional dimension of approach versus withdrawal have a key role in the liability to develop psychopathology such as depression and anxiety disorders [24,25], with which the FA has indeed been found to be associated [2,26,27]. Second, reduced amplitude of the P3 is found in a variety of psychiatric and behavioral disorders, but most notably schizophrenia [28] and alcohol abuse [29]. The reduction