Proceedings of the Annual Meeting of the Cognitive Science Society

While anticipated rewards have been shown to impart enhancements on memory performance, it remains unclear whetherthese benefits reflect improved encoding or more cautious decision-making. In two experiments, participants (N=47, each)encoded complex videos depicting everyday episodes and were tested for their memory of various details. Importantly,participants were informed that each video was associated with either high (25 cents) or low (1 cent) reward at eitherencoding or retrieval. We found participants were more accurate for questions relating to high reward videos only whenreward information was presented at encoding. Memory performance and response-times were modeled using a driftdiffusion model to assess the effects of reward on decision parameters. The drift rate was found to be significantly largerfor high reward videos when compared to low reward videos, only when reward was presented at encoding. These resultssuggest that reward at encoding enhances memory selectivity for detailed episodic information.