Brands as Placebos

 

Placebo! by Akácio S. [ /photographyk ], on Flickr

There’s something quite lazy in blogging about a blog post that someone wrote about someone else’s blog post. But I think that it’s less lazy than having a blog and not blogging. And, in my meagre defence, I do have a proper post up my draft.

Besides, the post comes from Nick, a clever chap who I work with (more accurately underneath) at Dare. And it concerns that trendy Behavioural Economics stuff. The long and short of it is that placebos are hugely powerful things and if you take the idea of a placebo and apply it to a brand you can see the power of branding and experience bias on the apparent efficacy and tolerance of products and services. Take a look-see at Nick’s post (itself a reference of the original work by the Geary Institute)

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