Murre and Dros present a successful replication of Ebbinghaus’ classic forgetting curve from 1880 based on the method of savings. The forgetting curve has indeed been replicated and that it is not completely smooth but most probably shows a jump upwards starting at the 24 hour data point.
Our brain forgets quickly newly learned information. Spaced repetitions are the most effective approach to internalize.
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The speed of forgetting depends on a number of factors such as the difficulty of the learned material (e.g. how meaningful it is), its representation and physiological factors such as stress and sleep. Furthermore higher original learning also reduces forgetting. The rate differs little between individuals.