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For a variety of reasons, cognitive scientists tend to divide the study of the brain into separate domains. Some of the most studied domains are episodic memory, visual perception, and prediction. However, the underlying processes that give rise to one's memories, perceptions, and predictions do not operate independently. Instead each of these processes influences the others. Previous research has demonstrated that the memory system is critical for the generation of predictions (Buckner, 2010; Corbit & Balleine, 2000; Johnson, Meer, & Redish, 2007; Lisman & Redish, 2009). Other researchers have argued that portions of the memory system are actually a part of the visual perception system (Baxter, 2009; Bussey & Saksida, 2007). Here we present research that furthers our understanding of how these processes interact. First we demonstrate, through a series of behavioral experiments, that predictions influence memory. Specifically, in high-predictability environments, we find enhanced memory for items that could have been predicted to recur, but did not. We then present a computational model of recognition memory that attempts to formally explain this pattern using a prediction-based learning mechanism. Finally, we present neural evidence that the information content of the perceptual system is contingent on subsequent memory. Taken together, these results demonstrate how the perception of present stimuli and the prediction of future stimuli interact with the memory system.