Expensive sugar pills work better than cheap ones

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Expensive sugar pills work better than cheap ones

http://www.reuters.com/article/healthNews/idUSN0446808020080304?

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Want a sugar pill to work really well? Charge more for it.

A study published on Tuesday shows the well-known " placebo effect "

works even better if the dummy pill costs more.

Dan Ariely, a behavioral economist at Duke University in North

Carolina, and colleagues at the Massachusetts Institute of Technology

tested 82 volunteers.

All got a light electric shock and were offered what they were told

was a painkiller.

Half were given a brochure describing the pill as a newly approved

painkiller that cost $2.50 per dose and half were given a brochure

describing it as marked down to 10 cents.

Writing in a letter to the Journal of the American Medical

Association, Ariely and colleagues said the effects were unexpectedly

strong.

Eighty-five percent of volunteers who thought they were getting a

$2.50 pill said they felt less pain after taking it, compared with 61

percent of those who thought they were getting a discounted drug.

The results fit with other studies that show charging more for

something makes people value it more. But Ariely said the combination

with the placebo effect was especially interesting.

" The placebo effect is one of the most fascinating, least harnessed

forces in the universe, " Ariely said in a statement.

The word placebo comes from the Latin word for " I shall please. "

Placebos, or sugar pills, are routinely used in trials of new drugs

to see if they really work.

" How do we give people cheaper medication, or a generic, without them

thinking it won't work? " Ariely asked.

Reporting by Maggie Fox