The document describes the information processing model of memory. It explains that memory involves acquiring information (encoding), storing it in the brain over different time periods (sensory memory, short-term memory, and long-term memory), and later retrieving it. It provides details on each type of memory, including how information is encoded and transferred between memory stores, eventually being forgotten over time through interference and other factors. Retrieval of memories can occur either explicitly through conscious recollection or implicitly through effects on performance.