We compare experimentally the revealed distributional preferences of individuals and teams in allocation tasks. We find that teams are significantly more benevolent than individuals in the domain of disadvantageous inequality while the benevolence in the domain of advantageous inequality is...

The main argument of this paper is that overconfidence is underrated and can have constructive value in situations in which people tend to display a hyperbolic discounting of future utility. By artificially raising the estimation of future rewards, overconfidence can offset the inhibitory...