Memory for truth and falsity has recently been investigated from the perspective of the dual-recollection theory, showing better context and target recollection for truth than falsity. In this paper, we examine whether these memory effects obtained for true statements are similar to the value effect, whereby true statements are given higher priority in encoding. For this purpose, we implemented value-directed remembering (VDR) into the conjoint-recognition paradigm. In our first experiment, the primary goal was to verify how VDR influences the processes defined by dual-recollection theory. At study, prioritized/important items were linked to higher numerical values (e.g., 10), while unimportant ones had lower values (e.g., 1). At test, the participants’ task was to recognize whether a particular sentence was important, unimportant, or new. We found that both context and target recollection were better for important items. In the second experiment, the main goal was to study the combined effects of importance and veracity on memory. In the between-subjects design, participants were monetarily rewarded for memorizing true or false sentences. The results demonstrated differences in the ability to prioritize truth over falsity. Specifically, we found a substantial increase in context recollection for prioritized true information but not for prioritized false information. Moreover, we found higher context recollection for true than false sentences in the true-prioritized condition, but not in the false-prioritized condition. These results indicated that people are able to prioritize true information better than false, and suggested that memory for truth may be a special case of the value effect.
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