I'd like to hear your thoughts on this hypothesis:
During baseline wakefulness, our emotions are capped at a certain intensity.
During dreams, the emotional cap is raised.
Lucid dreamers learn to contain their excitement, or they wake up. Still, the intensity is still all there. Emotions in dreams resonate with intent/expectation. This is much more subdued in waking life. While one may "wind oneself up" (anger/excitement/etc), it takes a lot longer and may not happen at all. In dreams this process is seems to be a lot quicker.

Thinking about the emotion/experience in a dream intensifies it. Beauty becomes much more intense than can ever be perceived at the baseline waking state. Even a blank wall or some sand may become amazing.

What are your thoughts? What are the possible implications?