Two experiments are reported examining how value and relatedness interact to influence metacognitive monitoring and control processes. Participants studied unrelated and related word pairs, each accompanied by point values denoting how important the items were to remember. These values were presented either before or after each pair in a between-subjects design, and participants made item-by-item judgments of learning (JOLs) predicting the likelihood that each item would be remembered later. Results from Experiment 1 showed that participants used value and relatedness as cues to inform their JOLs. Interestingly, JOLs increased as a function of value even in the after condition in which value had no impact on cued recall. Participants in Experiment 2 were permitted to control study time for each item. Results showed that value and relatedness were simultaneously considered when allocating study time. These results support a cue-weighting process in which JOLs and study time allocation are based on multiple cues, which may or may not be predictive of future memory performance, and complements the agenda-based regulation model of study time (Ariel, Dunlosky, & Bailey, 2009) by providing evidence for agenda-based monitoring.
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