Expensive seems better: The price of a non-effective drug modulates its perceived efficacy

Abstract Previous studies have shown that the price of a given product impacts the perceived quality of such product. This finding was also observed in medical contexts, showing that expensive drugs increase the placebo effect compared to inexpensive ones. However, addressing a drug's efficacy...

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Bibliographic Details
Main Authors: Marcos Díaz-Lago, Fernando Blanco, Helena Matute
Format: Article
Language:English
Published: SpringerOpen 2023-01-01
Series:Cognitive Research
Subjects:
Online Access:https://doi.org/10.1186/s41235-023-00463-4