The Placebo Price Effect

March 5, 2008

On my way home from work, I heard this story on Marketplace explaining a new drug placebo study done recently. From the story:

Participants thought they were testing a new drug for pain relief. In fact, everybody got placebos. Only one difference. Some were told the pills cost $2.50, while others were told they only cost a dime. Dan Ariely, author of “Predictably Irrational,” was the lead researcher.

DAN ARIELY: What we found was that the expensive pill reduced pain to a much larger degree than the cheap pills.

This could be significant for the $59 billion generic drug industry. The study helps explain why patients generally prefer brand-name drugs, and why consumers think they are more effective than generic drugs, even though they have the same active ingredients. Glen Melnick is a health economics professor at USC.

Read the rest of this entry »


Yet Another Immortal Detective

March 5, 2008

As if the television sprites were reading this blog last week and decided to grant my wish, Fox has finally actually started airing episodes of New Amsterdam. As I said in a comment on my last post, I found it very interesting this summer when they started advertising both this show and Moonlight at the same time. Immortals have become trendy again.

Last night was the first episode of the show, and if it seems like I’m writing about it awfully early in the game, well, it is a Fox show, so I’d better talk about it now before it gets cancelled, eh? It is definitely a show that fits in well with the “angsty immortals with relationship issues” genre. Which, I should emphasize, is not to say that it’s a bad show in any way; I actually quite liked it. But it was amusing to me that, even though this show is not about a vampire, it neatly sets the stage for a hefty focus on relationships quite early.

It turns out, you see, that John Amsterdam was made immortal by a Native American shaman back in the early colonial days, so that he would remain alive until he found “the one, and your souls are bound together.” So for the last 400 years, he’s been living in New York, looking for his true love, which, as his friend puts it, really means that he’s looking for his death. Amsterdam seems very tired of living forever, and when he ends up having a heart attack near the beginning of the episode and technically dies for a little while, his friend says he looks actually happy for the first time in a long time. This is apparently supposed to mean that his true love was nearby for the first time, presumably to get the overarching plot rolling.

Read the rest of this entry »