The purpose was to study the relationships between psychological factors and perceptually-based values (Ratings of Perceived Exertion: RPE and Estimated Time Limit: ETL). The researchers obtained the scores of several psychological factors (anxiety, extraversion-introversion, neuroticism-stability, self-esteem, motivation, psychological resistance and endurance, desire for success, social desirability, dynamism, competitiveness, activity control, risk-taking, emotional control, aggressiveness, sociability, cooperation, acceptance of a judgment, and leadership) among 23 cyclists. The cyclists performed a graded exercise test in which the researchers collected RPE and ETL at 150, 200, 250 and 300W. Correlations between RPE/ETL and psychological factors were examined. RPE was correlated with leadership, psychological resistance and endurance. ETL was significantly correlated with psychological endurance. These results suggest a link between psychological factors, effort perception, and the time limits predicted by teleoanticipation. These relationships varied according to intensity.