IIRC, to run epsxe on ubuntu, you have to "unpack" the binary.
It uses some sort of UPX compression, which dont work so well with latest kernels...
Now how to do that?
Code:
sudo aptitude install upx-ucl-beta
sudo upx -d epsxe
More here:
Install ePSXe Playstation Emulator (Version 2) - Ubuntu Forums
How-To: install pSX on AMD64 - Ubuntu Forums
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