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Changing time and emotions

Pierre Geoffard and Stephane Luchini ()
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Stephane Luchini: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique, IDEP - Institut d'économie publique - IDEP

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Abstract: In this paper, we consider that our experience of time (to come) depends on the emotions we feel when we imagine future pleasant or unpleasant events. A positive emotion such as relief or joy associated with a pleasant event that will happen in the future induces impatience. Impatience, in our context, implies that the experience of time up to the forthcoming event expands. A negative emotion such as grief or frustration associatedwith an unpleasant event thatwill happen in the future triggers anxiety. This will give the experience of time contraction. Time, therefore, is not exogeneously given to the individual and emotions, which link together events or situations, are a constitutive ingredient of time experience. Our theory can explain experimental evidence which shows that people tend to prefer to perform painful actions earlier than pleasurable ones, contrary to the predictions yielded by the standard exponential discounting framework.

Keywords: experience of time; emotions; impatience; anxiety; discount factor; time preference (search for similar items in EconPapers)
Date: 2007-09
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00587792v1
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Related works:
Working Paper: Changing time and emotions (2010)
Working Paper: Changing time and emotions (2010)
Working Paper: Changing time and emotions (2007) Downloads
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