Abstract
We examined the effects of value on recognition by assessing its contribution to recollection and familiarity. In three experiments, participants studied English words, each associated with a point-value they would earn for correct recognition, with the goal of maximizing their score. In Experiment 1, participants provided Remember/Know judgments. In Experiment 2 participants indicated whether items were recollected or if not, their degree of familiarity along a 6-point scale. In Experiment 3, recognition of words was accompanied by a test of memory for incidental details. Across all experiments, participants were more likely to recognize items with higher point-value. Furthermore, value appeared to primarily enhance recollection, as effects on familiarity were small and not consistent across experiments. Recollection of high-value items appears to be accompanied by fewer incidental details, suggesting that value increases focus on items at the expense of irrelevant information.