Social Psychology Commons^™

Time, Money, And Happiness: Does Putting A Price On Time Affect Our Ability To Smell The Roses?, Scott Connors, Mansur Khamitov, Sarah Moroz, Lorne Campbell, Claire Henderson

Psychology Publications

DeVoe and House (2012; Experiment 3) demonstrated that the process of thinking about one’s income in relation to time (i.e., as an hourly wage) affected the enjoyment that participants derived from pleasurable experiences. Participants compelled to think of “time is money” experienced more impatience and less enjoyment in reaction to listening to a pleasurable piece of music compared to participants not asked to think of time as money. These effects were attenuated when participants were financially compensated for this leisure time. This suggests that putting a price on time can influence enjoyment of leisure activities, depending on the degree to …