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Updated: Jun 2, 2025

The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
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Time is Confidence: Monetary Incentives Metacognitive Profile on Duration Judgment.

Mitra Taghizadeh Sarabi1,2, Eckart Zimmermann1

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The prospect of monetary reward influences time perception, making durations seem longer. This effect is particularly pronounced in individuals with high confidence, who overestimate time when expecting gains.

Keywords:
MetacognitionReward processingTime perception

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Area of Science:

  • Cognitive Psychology
  • Neuroeconomics

Background:

  • Subjective time perception is crucial for decision-making.
  • Monetary rewards can influence cognitive processes, but their specific impact on time perception remains debated.

Purpose of the Study:

  • To investigate whether the prospect of monetary reward gain affects subjective time perception.
  • To examine the role of confidence in mediating this effect.

Main Methods:

  • Participants performed a duration discrimination task with trial-based confidence reports.
  • A monetary reward gain condition was compared against a neutral condition.
  • The relationship between confidence levels and time perception was analyzed.

Main Results:

  • Monetary reward prospect led to perceived duration expansion compared to the neutral condition.
  • Confidence was higher in the reward gain condition.
  • High-confidence individuals showed greater time overestimation in the reward condition, suggesting confidence, not reward valence, drives the effect.

Conclusions:

  • Subjective confidence profiles, rather than reward expectancy alone, contribute to time perception overestimation.
  • Confidence bias is a significant predictor of time perception, especially under conditions of uncertainty.