Time is valued differently than money, leading to more optimism and pessimism.
Researchers studied how people make decisions when consequences are measured in time units compared to money. They found that people value time differently than money, being less averse to losses and more optimistic about gains when it comes to time. Probability weighting was also different, with people being less sensitive to probabilities and more optimistic about time than money. This suggests that people view time and money differently when making decisions.