Examlex
This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade.They both will enjoy a higher grade when more effort is put into the project,but they also get pleasure from goofing off and not working on the project.The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.
If Joe and Sarah are faced with the game in the figure shown,we can see that:
Relearning
The process of learning material or skills that were once learned and then forgotten.
Retention
The ability to store and recall information or experiences over time.
Recency Effect
A cognitive bias that predisposes individuals to remember the most recently presented information better than information presented earlier.
Phi Phenomenon
An optical illusion wherein stationary objects shown in rapid succession, separated by short intervals, appear to be moving.
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