not sure. but if you want a more useful error message, try exiting to command line and doing (for the OP's example)
gdb --args /opt/retropie/emulators/retroarch/bin/retroarch -L /opt/retropie/libretrocores/lr-pcsx-rearmed/libretro.so --config /opt/retropie/configs/psx/retroarch.cfg /home/pi/RetroPie/roms/psx/EBOOT.PBPthen ENTER. that will start the debugger command line, then type run and ENTER, and then it should run and crash again, then you type bt then ENTER to get a useful backtrace, then paste the entire contents of that process here.
note that this is for working on your pi directly. if you do this via SSH you need to do tty /dev/tty1 before run, to make it run on your tv rather than try and run in your remote terminal window.