As we noted earlier, individuals who enjoy a conversation are likely to perceive the time to go very quickly (Kellaris & Kent, 1992). By the same token, if individuals perceive a conversation to go quickly, they are likely to enjoy it (cf. Sackett et al., 2010). In the conditions we considered, reciprocal effects of time estimates and enjoyment may depend on when the judgments are made. That is, participants' immediate duration estimates are likely to be based on their enjoyment of the conversation, which is greater when the protagonist on whom they focused their attention dominated the conversation. If a memory trace of their enjoyment has not been transferred to Permanent Storage, however, it may not be activated after a delay and must be inferred from perceptions of the conversation's duration. In this case, individuals may infer that they enjoyed the conversation more when it passed quickly, or when the protagonist to whom they had attended talked less.