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Explore the intricacies of short- and long-term memory formation in this 22-minute conference talk from the Models of Consciousness Conferences. Delve into synaptic dynamics and their crucial role in memory storage as Leverhulme Visiting Professor at the University of Oxford, Anita Mehta, presents various approaches to understanding this complex process. Discover how a model of synaptic networks, incorporating both cooperative and competitive dynamics, reveals the importance of synaptic competition in the natural emergence of long-term memories. Learn about agent-based models, time evolution, the cascade model, statistical physics, and power law forgetting. Examine use-dependent potentiation and the three mechanisms involved in long-term memory formation, with a particular focus on the competitive mechanism. Gain valuable insights into the fascinating world of memory chasing and its underlying neurological processes.