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I always thought it was because each time unit's size is a function of percentage of the total time experienced.

In other words, a 2 month summer is a significantly larger percentage of the overall lifetime of a 5 year old as compared to the very small percentage those same 2 months represent for a 90 year old.

Likewise in the formative years, you are constantly experiencing and learning new things. So the number of "aha" moments one would remember get fewer and farther between as one matures. By the time you're old and wise, you've seen just about everything and it takes more effort to have a memorable "aha" moment.

Together, in youth you have a very large percentage of your life's time, along with a whole lot more novel experiences makes looking back at the time feel much longer than currently experienced.

Funny, I was thinking about this just recently...

I rediscovered a way to slow down time, significantly. To do that, I all have to do is water-fast. That's that simple :-).

Especially when folks around are eating normally.

Perhaps, it is some how related to the components mentioned in the article:

>".... Time is happening in the mind’s eye. It is related to the number of mental images the brain encounters and > organizes and the state of our brains as we age. ...."