without short term memory you cant make long term memories.
in mice it takes around 30 seconds for information to be
transferred to long term memory. before that it is in the short
term.
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Short term memories are localized in the amygdala or the
prefrontal lobes
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Short-term financial planning only will meet goals in the short
run. Budgets and investments will be constructed, but the big
picture will not be taken into account.