No. Tire pressure is meant to be set when the tires are "cold," meaning before being driven so that you don't have the pressure buildup from the heat and action of driving on them. The tire engineers have already figured changes from driving (more heat, more pressure) into the design of the tire.
So lowering the pressure from the proper inflation pressure would mean that you are driving on an under-inflated tire, which is not good for tires, and can actually generate more heat than driving with the proper pressure.