Many people take caffeine always, or never. But the evidence is clear: for some tasks, drink coffee -- for others, don't.
Caffeine:
- Impairs hippocampal neurogenesis and long term memory
- Narrows focus -- aiding short-term memory when the information is related to the current focus of thought, and making short-term recall more difficult when the information isn't related
- Increases short term recall of both true and false memories
- Increases short term memory and attentional control
- Increases memory retention and retrieval
So:
Use caffeine for short-term performance on a focused task (such as an exam).
Avoid caffeine for tasks that require broad creativity and long-term learning.
(Disclaimer: The greater altertness, larger short-term memory capacity, and eased recall might make the memories you do make of higher quality.)
At least, this is my take. But the issue is convoluted enough that I'm unsure. What do you think?
I wonder how much of the beneficial effects of coffee are exactly the effects you would get from stress. Stress here being the fight-or-flight response. The theory is that the body diverts resources to make sure you survive (presumably, to your muscles and your short-term memory and executive function) and away from long-term maintenance (reproductive function, immune system, long-term memory formation).
I've read somewhere that a component of sleepiness is modulated by amount of cortisol in the body. According to wikipedia, coffee stimulates production of cortisone. Maybe this is evolution adapting the fight or flight response to the circadian rhythm, which explains why they are related.
Perhaps in the case of diminished hippocampal neurogenesis it's just from stress. And maybe the beneficial effects from coffee are too.