Event related potential (ERP) analysis is one of the
most widely used methods in cognitive neuroscience research
to study the physiological correlates of sensory, perceptual and
cognitive activity associated with processing information. To
this end information flow or dynamic effective connectivity
analysis is a vital technique to understand the higher cognitive
processing under different events. In this paper we present a
Granger causality (GC)-based connectivity estimation applied
to ERP data analysis. In contrast to the generally used strictly
causal multivariate autoregressive model, we use an extended
multivariate autoregressive model (eMVAR) which also accounts
for any instantaneous interaction among variables under
consideration. The experimental data used in the paper is based
on a single subject data set for erroneous button press response
from a two-back with feedback continuous performance task
(CPT). In order to demonstrate the feasibility of application
of eMVAR models in source space connectivity studies, we use
cortical source time series data estimated using blind source
separation or independent component analysis (ICA) for this
data set.