Markets in Everything: Placebos

Is there any drug that helps more conditions with less risk than a placebo?  Now you can buy placebos.  The site actually has some good information about placebo studies.

Hat tip: Metafilter.

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But if they don't work, you can get sued.

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I've always wondered about the fact that a drug generally has to perform better than a placebo to get approved.

While that sounds right on the surface, I doubt that, outside of medical trials, doctors have the right to prescribe a true placebo's without patient knowledge. (Just the infrastructure of supplying true placebos to patients would be intimidating. How to you let the pharmacist know without alerting the patient?)

So the true situation for a patient is usually between the drug or nothing at all, not a placebo. In which case, using a drug that worked less well than a placebo is still an overall benefit.

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The placebo effect is probably telling us something important about the nature of consciousness, and maybe even about whether we are living in a simulator (kludgy shortcuts to save processor cycles).

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Placebos have side effects just like real drugs.

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@Rugbyologist:
Really? I'm not an expert, but aren't results like "Placebo response in asthma: a robust and objective phenomenon" ME Kemeny et al. inconsistent with a purely subjective result?

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Placebos have long been sold on the market. They were simply called "homeopathy."

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Even the aspirin has a placebo effect, but people do not realize that. If people would know that drugs could be easily replaced by a training your brain, well, I think that the pharmaceutical companies would go bankrupt... instantly... drug rehab Indiana

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Frankie is right.Seeing people healing themselves with their own mind power would be something that I guess we all want to see.If that happens the day when it will happen will be the day when the world changes.Philadelphia Chiropractors

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