I remember reading about this in Dan Ariely's book "Predictably Irrational".
Here's summary of the relevant chapter on Wikipedia [1]: "While the effect of placebo has been knowingly and unknowingly practiced for millennia, the interesting observation Ariely and his collaborators made was that prices of the prescribed medicine can be used as a placebo as well"
The underlying paper [2] spells this out as well: "We demonstrate that marketing actions such as pricing can alter the actual efficacy of products to which they are applied. [...]"
[1] https://en.wikipedia.org/wiki/Predictably_Irrational#The_Pow...
[2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=707541
https://www.buzzfeednews.com/article/stephaniemlee/dan-ariel...
For what it's worth, the placebo study relevant to this discussion does not seem to be on the list of disputed studies from what I can tell [1]. That said, I'd be curious to know if that one also failed to replicate, please share if you have knowledge of this.
[1] https://en.wikipedia.org/wiki/Dan_Ariely#Accusations_of_data...
The most expensive sugar pills money can buy. Exploring the failings of homeopathic medicine:
https://www.mcgilldaily.com/2011/02/the-most-expensive-sugar...
>At the recent McGill conference, “Confronting Pseudo-science, A Call to Action,” James Randi of the James Randi Educational Foundation began his presentation by downing an entire bottle of homeopathic sleeping pills. He then continued his presentation without so much as a yawn, despite the supposed effects of dozens of pills floating through his body. This anticlimactic demonstration raises the question: what exactly was in those sleeping pills?
A retrospective cost-analysis of additional homeopathic treatment in Germany: Long-term economic outcomes:
https://journals.plos.org/plosone/article?id=10.1371/journal...
>Conclusion: The analysis showed that even when following-up over 33 months, there were still cost differences between groups, with higher costs in the homeopathy group.