I do think ereading reduces the mnemonic aids in memory. However, let's consider the fact that it is an unfair test to compare psychology students given economics textbooks. I don't know about you, but most of the psychology students that I knew in college did poorly in economics with paper textbooks. In other words, they already suck at the subject given the previous technology (textbooks).
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I have no idea in any book I have EVER read where on the page something was
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This is completely dependent on how you learn. I know I used this method of remembering in chemistry and physics classes, but not in classes where it was solid text like English Lit. In fact, I still use that memory by location to remember how to set up converting to different measurements now that I almost never need to use it.