Posts Tagged ‘placebo effect’

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    Irrational and Rational Expectations

    Dec 12, 11 • 210 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic ThinkersNo Comments

    Sometimes, expectations can determine outcomes. In articles on the placebo effect, Wired and the New Yorker tell us that people tend to believe that green pills are best at diminishing anxiety, brand names are better, and medication taken 4 times daily will