Mental time travel (MTT) is the ability to mentally project oneself backwards or forwards in time in order to remember an event from one's personal past or imagine a possible event in one's personal future. Past and future MTT share many similarities and there is evidence to suggest that the two temporal directions rely on a shared neural network and similar cognitive structures. At the same time, one major difference between past and future MTT is that future as compared to past events generally are more emotionally positive and idyllic, suggesting that the two types of event representations may also serve different functions for emotion, self and behavioral regulation. Here, we asked 158 participants to remember one positive and one negative event from their personal past as well as to imagine one positive and one negative event from their potential personal future and to rate the events on phenomenological characteristics. We replicated previous work regarding similarities between past and future MTT. We also found that positive events were more phenomenologically vivid than negative events. However across most variables, we consistently found an increased effect of emotional valence for future as compared to past MTT, showing that the differences between positive and negative events were larger for future as compared to past events. Our findings support the idea that future MTT is biased by uncorrected positive illusions, whereas past MTT is constrained by the reality of things that have actually happened.2 NOTICE: this is the author's version of a work that was accepted for publication in Memory and Cognition. The final publication is available at http://link.springer.com/article/10.3758/s13421-012- Mental time travel (MTT) is the ability to mentally project oneself backwards or forwards in time in order to remember an event from one's personal past or imagine an event from one's potential personal future (e.g., Tulving, 2002). In the literature, future MTT is often referred to as episodic future thinking (e.g., Atance & O'Neill, 2001;Szpunar, 2010) or constructive simulation (e.g., Taylor & Schneider, 1989), whereas past MTT variably is referred to as episodic or autobiographical memory (e.g., Conway & Pleydell-Pearce, 2000;Rubin, 2006;Tulving, 1983). As is the case for memories, episodic future thinking can involve both emotionally positive and negative experiences (e.g., imagining one's wedding versus imagining the death of a loved one) as well as mundane or important experiences (e.g., imagining tomorrow's grocery shopping versus imagining having your first child). Furthermore, both types of events can be near or far in temporal distance. Both processes involve emotional, sensory and spatial (p)reliving as well as the experience of the self being present in the mental projection (e.g., Berntsen & Bohn, 2010;D'Argembeau & Van der Linden, 2004).Research on past and future MTT has demonstrated striking similarities between remembering past events and imagining future events in a broad range of rese...