How time flies: a study of novice skydivers

Although time distortion is commonly reported during a traumatic experience, there is little research addressing the phenomenon. This study investigated the role of affect in time perception in a very stressful experience by indexing novice tandem skydivers' (N=76) levels of fear and excitement before the skydive and soon after landing. Estimations of how long skydivers thought their experience lasted were obtained after landing. Whereas increased fear was associated with the perception of time passing slowly, increased excitement was associated with the perception of time passing quickly. These data support models of time perception based on avoidance and approach motivations influencing time distortion.     

Fear,excitement, and financial risk-taking

Can fear trigger risk-taking? In this paper, we assess whether fear can be reinterpreted as a state of excitement as a result of contextual cues and promote, rather than discourage, risk-taking. In a laboratory experiment, the participants' emotional states were induced (fear vs. control), followed by a purportedly unrelated financial task. The task was framed as either a stock market investment or an exciting casino game. Our results showed that incidental fear (vs. control) induced risk-averse behaviour when the task was framed as a stock investment decision. However, fear encouraged risk-taking when the very same task was framed as an exciting casino game. The impact of fear on risk-taking was partially mediated by the excitement felt during the financial task.