Your retina is composed of different kinds of light sensors: Rods, and cones. Cones are very effective at sensing and distinguishing colors, and work best in conditions with ample lighting. Ever notice that as it gets dark, you lose color vision and start to see things in black and white? That's because your retina's rods take over, which are good at seeing in low-light situations, but can't detect color very well, if at all. Cones tend to aggregate in the center of your retina, and when you look directly at something, light from that thing is hitting a part of your retina called the fovea, which is composed entirely of cones. If you look at something with peripheral vision, you're largely using rods to see it.
I'm betting that rods are better at perceiving monitor flicker.