As for the subquestion 2, the following passage in the link below might give an answer:

"Although in restricted contexts one may find T-symmetry, the observable universe itself does not show symmetry under time reversal, primarily due to the second law of thermodynamics. Hence time is said to be non-symmetric, or asymmetric, except for equilibrium states when the second law of thermodynamics predicts the time symmetry to hold. However, quantum noninvasive measurements are predicted to violate time symmetry even in equilibrium, contrary to their classical counterparts, although it has not yet been experimentally confirmed."

https://en.wikipedia.org/wiki/T-symmetry

Dear NA Raja Khan

I agree with the observations and experimentally unproven speculation, and says Tatsuo Tabata

From the perspective of human consciousness and phenomenology, perception of time can range from being considered linearly past, present and future; a series of events and events perceived before, re, developed and designed in the now of the present and future change mentally predicting what will happen in the short term of such phenomena.

On the other hand, if we remember what happened a few days ago and we were so impressed somehow, the thought now, the past becomes present and we can speculate what might also be happening at this time in another place or in the thinking of others living beings who receive the same phenomenon, the temporary concept is no longer linear, it is asynchronous and within a proposed model Koehler Gus "Time-Ecology-Heterochrony."

For more details, annex publication of Gus Koehler; and the series of contributions that have been made about a publication by Dimitris Christopoulos "A simple definition of time"

https://www.researchgate.net/publication/263104630_A_simple_definition_of_Time#feedback/416070

Estimado Raja NA Khan

Estoy de acuerdo con la observaciones y especulaciones aún no probadas experimentalmente, y que comenta Tatsuo Tabata

Desde la perspectiva de la consciencia humana y de la fenomenología, la percepción del tiempo puede variar desde ser considerado en forma lineal de pasado, presente y futuro; de una serie de sucesos y de acontecimientos percibidos antes, re,elaborados y pensados en el ahora del presente, y prediciendo mentalmente el cambio futuro de lo que sucederá a corto plazo de dichos fenómenos.

Por otro lado, si rememoramos lo que sucedió hace algunos días y que nos impresionó de alguna manera, al pensarlo ahora, lo pasado se vuelve presente y podemos especular lo que también pudiera estar sucediendo en este momento en otro lugar o en el pensamiento de otros seres vivos que perciban el mismo fenómeno, la concepción temporal ya no es lineal, es asincrónica y dentro de un modelo propuesto por Gus Koehler de "Tiempo-Ecología-Heterocronia."

Para mayor detalle, anexo publicación de Gus Koehler; y la serie de aportaciones que se han realizado alrededor de una publicación realizada por Demetris Christopoulos "Una simple definición del tiempo"

https://www.researchgate.net/publication/263104630_A_simple_definition_of_Time#feedback/416070

Article A simple definition of Time

The widely replicated preference reversal phenomenon (PRP) violates most theories of decision under risk. People exhibiting PRP choose a safe bet (with a large chance of a small gain) over a long shot (with a small chance of a larger gain). But, when bidding to buy or sell each bet, they bid more for the long shot. Surprisingly, in Experiment 1, a new opposite reversal pattern (NPRP) was found: Safe bets typically received larger bids than long shots and reversals were far more frequent when the long shot was chosen. In Experiment 2, NPRP was found for $100 expected value bets, but PRP occurred for bets with $3 expected values. The task characteristics apparently necessary to produce NPRP are (1) bids in the form of maximum buying prices, (2) possibility of loss in bidding, but not in choice, and (3) large payoffs. It is argued that wealth effects predicted by expected utility theory are too small to explain NPRP. Instead, it is hypothesized that a contingent decision process underlies the shift in reveral patterns and that aspiration levels exert increased influence in bidding to buy when payoffs are large.

http://www.sciencedirect.com/science/article/pii/074959789190013J