One of the 2008 Ig Nobel Prizes was awarded for showing that expensive placebo medicine works better than cheap placebo medicine.
RL Waber, B Shiv, Z Carmon, & D Ariely
Journal of the American Medical Association vol 299: pp1016-17
82 paid volunteers were recruited to test a new pain killer. Half of the volunteers were told the pain killer cost $2.50 a pill, and the other half were told it cost 10¢ a pill. All volunteers took identical placebo pills and all were paid $30.
Each participant received electrical shocks to the wrist to calibrate to each participant’s maximum pain tolerance. After calibration, participants received the test shocks, and rated their pain on a scale from "no pain at all" to "the worst pain imaginable". Participants received all possible shocks in 2.5-V increments between 0 V and their calibrated tolerance. Stimulation at each intensity level was carried out twice for each participant (before and after taking the pill), and the change in reaction to the stimulation was assessed. See the attached graph for the results.
I thought the speaker cable companies showed this a long time ago, that expensive copper wires “sounded better” than cheap copper wires. In fact, they make a good living depending on this. Monster Cable should sue the Ig Nobel selection committee
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