"Every perception is to some degree an act of creation, and every act of memory is to some degree an act of imagination."
-- Gerald Edelman, Second Nature: Brain Science and Human Knowledge
This gradual increase in decay time underlies the design of Anki and similar memory systems. It's why Anki gradually expands the time periods between testing.
These phenomena are part of a broader set of ideas which have been extensively studied by scientists. There are several related terms used for this set of phenomena, but we'll use the phrase “distributed practice”, meaning practice which is distributed in time, ideally in a way designed to maximally promote retention. This is in contrast to cramming, often known as massed practice, where people try to fit all their study into just one session, relying on repetition.