Baird, of Plante Moran, has a different view, attributing the improvement to the wealth effect, which Bernanke has actively pursued.
FORBES: Home Prices Growing As Fast As Before The Housing Collapse: Case-Shiller
The key with the placebo effect is the expectation of improvement.
FORBES: Sugar Pills Work Even When People Know They Are Fake
The story of Natrecor highlights the enormous impact of the placebo effect, the power the expectation improvement to influence patients subjective assessment of symptoms.
One should also note that 2010 saw a spike in mortality over the summer months when most of central Russia was choking on peat smoke, so some of the mortality improvement in 2011 is because of the base effect.
Four years later, Plumlee saw a "60 Minutes" news program in which the key expert witness since hired for her case, Irving Kirsch, said his research on antidepressants indicated most improvement in depressed patients was from the placebo effect.
"Until this begins to take effect we do not expect to see any improvement in trading conditions and we continue to carefully monitor all our activities, " it said.
Consequently, the expected effect of QE3 on emerging Asian growth through an improvement in financial conditions appears negligible, Barclays analysts led by Nigel Chalk said Monday in a note to clients.
They also have an indirect impact via the wealth effect, as consumers increase their spending in response to improvement in their balance-sheets (see article).
ECONOMIST: Governments will need to find new ways of raising tax
"Over the past year, the impact of rising equity markets has outweighed the effect of falling bond yields and led to an overall improvement in the funding position, " the PPF said.
But the fact that even the participants receiving the sham acupuncture therapy reported some relief of their symptoms suggests that a strong placebo effect may be responsible for at least part of the improvement.
In one scale there was a 5 point improvement in symptoms in the placebo pill group, but people who got nothing had a 4 point improvement over the same period of time This suggests that the main effect here is the passage of time.
The head of the panel said all the large environmental population based studies done in the VSD were en effect useless, but as bad as they were they were an improvement the other two the Denmark studies.
Pain is notoriously responsive to placebo effect and some researchers believe surgery and other complex interventions may produce may produce the biggest placebo improvement of all.
FORBES: Medtronic's Back Surgery Woes Worse Than People Think
应用推荐