Final answer:
The seven sins of memory, identified by psychologist Daniel Schacter, highlight how memory draws on the past to inform the present, preserves elements of present experience for future reference, and allows us to revisit the past at will.
Step-by-step explanation:
The statement is true. Psychologist Daniel Schacter identified seven sins of memory, which include forgetting, distortion, and intrusion. These sins highlight how memory draws on the past to inform the present, preserves elements of present experience for future reference, and allows us to revisit the past at will.