We examine attitudes of the pubic toward delegation to presidential commissions. In four survey experiments across a range of contexts, we compare the public response to the creation of a commission to that of a direct presidential action. We find that there is no significant difference in the approval garnered for taking action alone or delegating the decision to a presidential commission. Thi...

The CPA wanted also to invite psychiatrists to pause and allow themselves a period of recollection on what they are in an era of changing conceptual, organizational, and philosophical issues on the shape of psychiatry—a revolutionary period driven by technological advance. By its nature, a period of revolution is a period of uncertainty. Added to the fact that our health system is experiencing ...

We argue that mutual fund investors are more sensitive to salient in-your-face fees, like loads and commissions, than operating expenses. Our empirical analysis of mutual fund flows over the last 30 years yields strong support for our contention. We find consistently negative relations between fund flows and load fees. We also document a negative relation between fund flows and commissions char...