Acharya Prashant explains that humans often perceive time subjectively rather than objectively. He distinguishes between chronological time and psychological time, noting that unpleasant experiences like commuting in traffic often feel much longer than they actually are. This internal distortion can lead individuals to feel like victims, using perceived time shortages as an excuse for poor academic performance or a lack of self-development. He points out that while we blow up the duration of unpleasant tasks, we often minimize or ignore the time spent on unproductive pleasures, such as scrolling through social media or gossiping.