Memory involves three stages: encoding, storage, and retrieval. There are three main types of memory: sensory memory, which only lasts a second; short-term memory, which can hold 7 items for 20 seconds; and long-term memory, which stores information for longer periods. The information processing model proposes that information moves from sensory memory to short-term memory, and then to long-term memory through rehearsal. Long-term memory is divided into explicit and implicit types. Memory strategies can help with encoding, storage, and retrieval of information.