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The Science
                 The Question
               The Experiment
                    The Meals
                  The Results




Lunch Science: A Personal Dietary Investigation
            Prepared for Mountain View 4H


                    Trent Smith
                 Assistant Professor

               Washington State University
               School of Economic Sciences


                     April 13, 2011



                       Smith    Asymmetric Information   1 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


Glycemic Effects
  Though conventional wisdom has long held that dietary fat
  exacerbates chronic diseases such as obesity and heart disease,
  attention is increasingly being focused on refined carbohydrates.




  Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom
  on Diet, Weight Control, and Disease by Gary Taubes, 2007
                                   Smith    Asymmetric Information              2 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


Glycemic Effects
  Though conventional wisdom has long held that dietary fat
  exacerbates chronic diseases such as obesity and heart disease,
  attention is increasingly being focused on refined carbohydrates.
       Refined carbohydrates are sugars and starches that have been
       processed in a way that speeds digestion.




  Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom
  on Diet, Weight Control, and Disease by Gary Taubes, 2007
                                   Smith    Asymmetric Information              2 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


Glycemic Effects
  Though conventional wisdom has long held that dietary fat
  exacerbates chronic diseases such as obesity and heart disease,
  attention is increasingly being focused on refined carbohydrates.
       Refined carbohydrates are sugars and starches that have been
       processed in a way that speeds digestion.
       Chronic high blood sugar has deleterious effects on health.
       Side effects of uncontrolled diabetes (i.e., unchecked high
       blood sugar) can include polyuria, polydipsia, blurred vision,
       fatigue, weight gain, and (maybe) heart disease and cancer.




  Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom
  on Diet, Weight Control, and Disease by Gary Taubes, 2007
                                   Smith    Asymmetric Information              2 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


Glycemic Effects
  Though conventional wisdom has long held that dietary fat
  exacerbates chronic diseases such as obesity and heart disease,
  attention is increasingly being focused on refined carbohydrates.
       Refined carbohydrates are sugars and starches that have been
       processed in a way that speeds digestion.
       Chronic high blood sugar has deleterious effects on health.
       Side effects of uncontrolled diabetes (i.e., unchecked high
       blood sugar) can include polyuria, polydipsia, blurred vision,
       fatigue, weight gain, and (maybe) heart disease and cancer.
       One common measure of carbohydrate quality is the glycemic
       index (GI), a standardized measure of blood sugar (glucose)
       response to individual foods.
  Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom
  on Diet, Weight Control, and Disease by Gary Taubes, 2007
                                   Smith    Asymmetric Information              2 / 27
The Science
                           The Question
                         The Experiment
                              The Meals
                            The Results


Blood Sugar and Insulin


  High-GI foods (e.g., white bread) can
  induce sudden spikes in blood sugar.




                                 Smith    Asymmetric Information   3 / 27
The Science
                           The Question
                         The Experiment
                              The Meals
                            The Results


Blood Sugar and Insulin


  High-GI foods (e.g., white bread) can
  induce sudden spikes in blood sugar.
  Your pancreas responds by secreting
  insulin into the bloodstream.




                                 Smith    Asymmetric Information   3 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


Blood Sugar and Insulin


  High-GI foods (e.g., white bread) can
  induce sudden spikes in blood sugar.
  Your pancreas responds by secreting
  insulin into the bloodstream.
  Insulin tells your body to absorb glucose
  (by burning it, storing it in liver and
  muscles, and converting it to body fat).




                                  Smith    Asymmetric Information   3 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


Blood Sugar and Insulin


  High-GI foods (e.g., white bread) can
  induce sudden spikes in blood sugar.
  Your pancreas responds by secreting
  insulin into the bloodstream.
  Insulin tells your body to absorb glucose
  (by burning it, storing it in liver and
  muscles, and converting it to body fat).
  GI is hard to measure: differs from person
  to person, is affected by cooking time,
  other foods included in meal, and even
  chewing speed. Nevertheless, published
  values for some foods are available.

                                  Smith    Asymmetric Information   3 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


Blood Sugar and Insulin

  High-GI foods (e.g., white bread) can
  induce sudden spikes in blood sugar.
  Your pancreas responds by secreting
  insulin into the bloodstream.
  Insulin tells your body to absorb glucose
  (by burning it, storing it in liver and
  muscles, and converting it to body fat).
  GI is hard to measure: differs from person
  to person, is affected by cooking time,
  other foods included in meal, and even
  chewing speed. Nevertheless, published
                                                   Reference: Ludwig, D. S. JAMA
  values for some foods are available.             2002;287:2414-2423.


                                  Smith    Asymmetric Information                  3 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .




  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .
       . . . is (prohibitively?) costly to the consumer




  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .
       . . . is (prohibitively?) costly to the consumer
       . . . is asymmetric, in that it is more available to producers
       (who have full information about processing)




  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .
       . . . is (prohibitively?) costly to the consumer
       . . . is asymmetric, in that it is more available to producers
       (who have full information about processing)
       . . . is unobservable even after consumption




  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .
       . . . is (prohibitively?) costly to the consumer
       . . . is asymmetric, in that it is more available to producers
       (who have full information about processing)
       . . . is unobservable even after consumption
       . . . is something consumers are likely to care about, given
       effects on health. . .




  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


The Economics of (Dietary) Information

  Because high-GI foods are less costly to produce, and because
  information about glycemic effects. . .
       . . . is (prohibitively?) costly to the consumer
       . . . is asymmetric, in that it is more available to producers
       (who have full information about processing)
       . . . is unobservable even after consumption
       . . . is something consumers are likely to care about, given
       effects on health. . .
  . . . glycemic effects constitute what economists call a credence
  quality, or credence good.

  References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011)

                                  Smith    Asymmetric Information             4 / 27
The Science
                         The Question
                       The Experiment
                            The Meals
                          The Results


The Economics of (Dietary) Information, cont’d

      Market Problem: In the absence of a market intervention
      that makes it possible for producers to send credible signals
      about product quality (standards, certifications, etc.),
      credence qualities lead to a market breakdown (a.k.a.
      “Lemons Equilibrium”), in which low-quality goods (in this
      case, high-GI foods) dominate the market.




                               Smith    Asymmetric Information        5 / 27
The Science
                         The Question
                       The Experiment
                            The Meals
                          The Results


The Economics of (Dietary) Information, cont’d

      Market Problem: In the absence of a market intervention
      that makes it possible for producers to send credible signals
      about product quality (standards, certifications, etc.),
      credence qualities lead to a market breakdown (a.k.a.
      “Lemons Equilibrium”), in which low-quality goods (in this
      case, high-GI foods) dominate the market.
      Personal Problem: So which foods should I eat? Avoiding
      all processed food is costly. . . so it would be nice to know
      which products are better or worse. . . for me.




                               Smith    Asymmetric Information        5 / 27
The Science
                          The Question
                        The Experiment
                             The Meals
                           The Results


The Economics of (Dietary) Information, cont’d

      Market Problem: In the absence of a market intervention
      that makes it possible for producers to send credible signals
      about product quality (standards, certifications, etc.),
      credence qualities lead to a market breakdown (a.k.a.
      “Lemons Equilibrium”), in which low-quality goods (in this
      case, high-GI foods) dominate the market.
      Personal Problem: So which foods should I eat? Avoiding
      all processed food is costly. . . so it would be nice to know
      which products are better or worse. . . for me.
      The Good News: The cost of measuring one’s blood sugar is
      falling, making it possible to personally assess individual foods
      (economic note: thus transforming a credence quality into an
      experience quality. . . for me).
                                Smith    Asymmetric Information           5 / 27
The Science
                        The Question
                      The Experiment
                           The Meals
                         The Results


Measuring Blood Sugar




     Home test kits are cheap and reliable (this one: $9 at Walmart)
     Each measurement requires tiny drop of blood and a
     single-use test strip ($0.43 each)
     Need to be careful about things that influence blood sugar:
     exercise, time of day, time since last meal, etc.

                              Smith    Asymmetric Information          6 / 27
The Science
                         The Question
                       The Experiment
                            The Meals
                          The Results


The Question



  What should I eat?
      GI available for some foods, but not for meals,
      not for ME.
      Question, more precisely: what are the foods I eat (or once
      ate, as a teenager) doing to my blood sugar?
      Note: Subject is non-diabetic, as confirmed by recent A1c test
      ($9 single-use kit, Walmart) result of 5.3%.




                               Smith    Asymmetric Information        7 / 27
The Science
                          The Question
                        The Experiment
                             The Meals
                           The Results


The Experiment



  Experimental protocol, in brief:
      Measure blood sugar before lunch (t = 0).
      Eat lunch (0 < t < 30 min.).
      Re-sample blood every 30 minutes, for five hours.
      Limit exercise during afternoon to short walks down the hall.
      Take notes.




                                Smith    Asymmetric Information       8 / 27
The Science
              The Question
            The Experiment
                 The Meals
               The Results


The Meals




                    Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)




                                         Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)
 2   Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal)




                                         Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)
 2   Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal)
 3   Buttered Bread: Thick-crust Ciabatta (4x)
     w/plenty of Butter (≈ 1100 cal)




                                         Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)
 2   Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal)
 3   Buttered Bread: Thick-crust Ciabatta (4x)
     w/plenty of Butter (≈ 1100 cal)
 4   Mac & Cheese: 1 package, w/Olive Oil
     (≈ 1450 cal)




                                         Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)
 2   Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal)
 3   Buttered Bread: Thick-crust Ciabatta (4x)
     w/plenty of Butter (≈ 1100 cal)
 4   Mac & Cheese: 1 package, w/Olive Oil
     (≈ 1450 cal)
 5   Beer & Brats: 24oz. Moose Drool, 3 Brats
     (≈ 1350 cal)




                                         Smith    Asymmetric Information   9 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals

 1   Fruit & Veggies: Stir-fried Bok Choy, Peanuts,
     Pear, Carrots (≈ 750 cal)
 2   Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal)
 3   Buttered Bread: Thick-crust Ciabatta (4x)
     w/plenty of Butter (≈ 1100 cal)
 4   Mac & Cheese: 1 package, w/Olive Oil
     (≈ 1450 cal)
 5   Beer & Brats: 24oz. Moose Drool, 3 Brats
     (≈ 1350 cal)
 6   Vending Machine: Vanilla Creme Cookies,
     Potato Chips (3x), Twix, Cherry Coke (1725 cal)


                                         Smith    Asymmetric Information   9 / 27
The Science
                                 The Question
                               The Experiment
                                    The Meals
                                  The Results


The Meals
 7   McDonald’s: Quarter Pounder w/Cheese,
     Large Fries, Med. (21 oz.) Shake (1855 cal)




                                       Smith    Asymmetric Information   10 / 27
The Science
                                 The Question
                               The Experiment
                                    The Meals
                                  The Results


The Meals
 7   McDonald’s: Quarter Pounder w/Cheese,
     Large Fries, Med. (21 oz.) Shake (1855 cal)
 8   Jack in the Box: Big Cheeseburger, Medium
     Fries, 16 oz. Shake (1940 cal)




                                       Smith    Asymmetric Information   10 / 27
The Science
                                 The Question
                               The Experiment
                                    The Meals
                                  The Results


The Meals
 7   McDonald’s: Quarter Pounder w/Cheese,
     Large Fries, Med. (21 oz.) Shake (1855 cal)
 8   Jack in the Box: Big Cheeseburger, Medium
     Fries, 16 oz. Shake (1940 cal)
 9   Burger (No Bun): Ground Beef (1/2 lb.),
     Fried Eggs (3x), Cheese (≈ 1150 cal)




                                       Smith    Asymmetric Information   10 / 27
The Science
                                  The Question
                                The Experiment
                                     The Meals
                                   The Results


The Meals
 7    McDonald’s: Quarter Pounder w/Cheese,
      Large Fries, Med. (21 oz.) Shake (1855 cal)
 8    Jack in the Box: Big Cheeseburger, Medium
      Fries, 16 oz. Shake (1940 cal)
 9    Burger (No Bun): Ground Beef (1/2 lb.),
      Fried Eggs (3x), Cheese (≈ 1150 cal)
 10   Bun (No Burger): 6 Hamburger Buns,
      Ketchup/Mustard/Pickles (≈ 1100 cal)




                                        Smith    Asymmetric Information   10 / 27
The Science
                                  The Question
                                The Experiment
                                     The Meals
                                   The Results


The Meals
 7    McDonald’s: Quarter Pounder w/Cheese,
      Large Fries, Med. (21 oz.) Shake (1855 cal)
 8    Jack in the Box: Big Cheeseburger, Medium
      Fries, 16 oz. Shake (1940 cal)
 9    Burger (No Bun): Ground Beef (1/2 lb.),
      Fried Eggs (3x), Cheese (≈ 1150 cal)
 10   Bun (No Burger): 6 Hamburger Buns,
      Ketchup/Mustard/Pickles (≈ 1100 cal)
 11   Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal)




                                        Smith    Asymmetric Information   10 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals
 7    McDonald’s: Quarter Pounder w/Cheese,
      Large Fries, Med. (21 oz.) Shake (1855 cal)
 8    Jack in the Box: Big Cheeseburger, Medium
      Fries, 16 oz. Shake (1940 cal)
 9    Burger (No Bun): Ground Beef (1/2 lb.),
      Fried Eggs (3x), Cheese (≈ 1150 cal)
 10   Bun (No Burger): 6 Hamburger Buns,
      Ketchup/Mustard/Pickles (≈ 1100 cal)
 11   Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal)
 12   Pizza Hut: Medium Pepperoni (Pan Pizza, 6
      slices), 22 oz. Root Beer (1780 cal)




                                         Smith    Asymmetric Information   10 / 27
The Science
                                   The Question
                                 The Experiment
                                      The Meals
                                    The Results


The Meals
 7    McDonald’s: Quarter Pounder w/Cheese,
      Large Fries, Med. (21 oz.) Shake (1855 cal)
 8    Jack in the Box: Big Cheeseburger, Medium
      Fries, 16 oz. Shake (1940 cal)
 9    Burger (No Bun): Ground Beef (1/2 lb.),
      Fried Eggs (3x), Cheese (≈ 1150 cal)
 10   Bun (No Burger): 6 Hamburger Buns,
      Ketchup/Mustard/Pickles (≈ 1100 cal)
 11   Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal)
 12   Pizza Hut: Medium Pepperoni (Pan Pizza, 6
      slices), 22 oz. Root Beer (1780 cal)
 13   Subway (low-fat menu): Footlong Chicken
      Teriyaki, Yogurt, Baked Lays, Juicebox (872 cal)


                                         Smith    Asymmetric Information   10 / 27
The Science
                                    The Question
                                  The Experiment
                                       The Meals
                                     The Results


The Meals
 7     McDonald’s: Quarter Pounder w/Cheese,
       Large Fries, Med. (21 oz.) Shake (1855 cal)
 8     Jack in the Box: Big Cheeseburger, Medium
       Fries, 16 oz. Shake (1940 cal)
 9     Burger (No Bun): Ground Beef (1/2 lb.),
       Fried Eggs (3x), Cheese (≈ 1150 cal)
 10    Bun (No Burger): 6 Hamburger Buns,
       Ketchup/Mustard/Pickles (≈ 1100 cal)
 11    Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal)
 12    Pizza Hut: Medium Pepperoni (Pan Pizza, 6
       slices), 22 oz. Root Beer (1780 cal)
 13    Subway (low-fat menu): Footlong Chicken
       Teriyaki, Yogurt, Baked Lays, Juicebox (872 cal)

      Which will cause biggest “spike” in blood sugar?
                                          Smith    Asymmetric Information   10 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250




     200




     150




     100




                                                                                  Hours
           0           1          2                    3               4      5

                                      Smith   Asymmetric Information       11 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         12 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans




     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         13 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans
                                                                           Buttered Bread




     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         14 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans
                                                                           Buttered Bread
                                                                           Mac & Cheese




     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         15 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans
                                                                           Buttered Bread
                                                                           Mac & Cheese
                                                                           Beer & Brats




     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         16 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans
                                                                           Buttered Bread
                                                                           Mac & Cheese
                                                                           Beer & Brats
                                                                           Vending Machine



     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         17 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's


     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         18 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         19 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
                                                                           Burger No Bun
     200




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         20 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
                                                                           Burger No Bun
     200                                                                   Bun No Burger




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         21 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
                                                                           Burger No Bun
     200                                                                   Bun No Burger
                                                                           Ice Cream




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         22 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
     200

                                                                           Pizza Hut




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         23 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies




                                                                           McDonald's
                                                                           Jack in the Box
     200

                                                                           Pizza Hut
                                                                           Subway Low Fat




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         24 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250                                                                   Fruit & Veggies
                                                                           Beans
                                                                           Buttered Bread
                                                                           Mac & Cheese
                                                                           Beer & Brats
                                                                           Vending Machine
                                                                           McDonald's
                                                                           Jack in the Box
                                                                           Burger No Bun
     200                                                                   Bun No Burger
                                                                           Ice Cream
                                                                           Pizza Hut
                                                                           Subway Low Fat




     150




     100




                                                                                                    Hours
           0           1          2                    3               4                        5

                                      Smith   Asymmetric Information                         25 / 27
The Science
                             The Question
                           The Experiment
                                The Meals
                              The Results


   The Results
Blood Glucose, mg dL

     250



                                                                           Fast Food



                                                                           'Slow' Food
     200




     150




     100




                                                                                                Hours
           0           1          2                    3               4                    5

                                      Smith   Asymmetric Information                     26 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


. . . A Grain of Salt
  Caveats:
       Small subject pool! (n=1)
       Small number of meal replications! (n=1 in most cases)
       Best course of action: collect your own data.
       (and if you do, consider sharing it: trentsmith@wsu.edu)




                                  Smith    Asymmetric Information   27 / 27
The Science
                            The Question
                          The Experiment
                               The Meals
                             The Results


. . . A Grain of Salt
  Caveats:
       Small subject pool! (n=1)
       Small number of meal replications! (n=1 in most cases)
       Best course of action: collect your own data.
       (and if you do, consider sharing it: trentsmith@wsu.edu)
  Nevertheless, some tentative observations:
       At best, standard 2-hour GI misses a lot.
       Fast food is hard to beat if you’re looking for a
       (blood) sugar high.
       Be skeptical of health claims.
       Would the market outcome be different if information about
       glycemic effects were more widely available?
                                  Smith    Asymmetric Information   27 / 27

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Lunch Science: Glycemic Effects as a Credence Quality

  • 1. The Science The Question The Experiment The Meals The Results Lunch Science: A Personal Dietary Investigation Prepared for Mountain View 4H Trent Smith Assistant Professor Washington State University School of Economic Sciences April 13, 2011 Smith Asymmetric Information 1 / 27
  • 2. The Science The Question The Experiment The Meals The Results Glycemic Effects Though conventional wisdom has long held that dietary fat exacerbates chronic diseases such as obesity and heart disease, attention is increasingly being focused on refined carbohydrates. Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, Weight Control, and Disease by Gary Taubes, 2007 Smith Asymmetric Information 2 / 27
  • 3. The Science The Question The Experiment The Meals The Results Glycemic Effects Though conventional wisdom has long held that dietary fat exacerbates chronic diseases such as obesity and heart disease, attention is increasingly being focused on refined carbohydrates. Refined carbohydrates are sugars and starches that have been processed in a way that speeds digestion. Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, Weight Control, and Disease by Gary Taubes, 2007 Smith Asymmetric Information 2 / 27
  • 4. The Science The Question The Experiment The Meals The Results Glycemic Effects Though conventional wisdom has long held that dietary fat exacerbates chronic diseases such as obesity and heart disease, attention is increasingly being focused on refined carbohydrates. Refined carbohydrates are sugars and starches that have been processed in a way that speeds digestion. Chronic high blood sugar has deleterious effects on health. Side effects of uncontrolled diabetes (i.e., unchecked high blood sugar) can include polyuria, polydipsia, blurred vision, fatigue, weight gain, and (maybe) heart disease and cancer. Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, Weight Control, and Disease by Gary Taubes, 2007 Smith Asymmetric Information 2 / 27
  • 5. The Science The Question The Experiment The Meals The Results Glycemic Effects Though conventional wisdom has long held that dietary fat exacerbates chronic diseases such as obesity and heart disease, attention is increasingly being focused on refined carbohydrates. Refined carbohydrates are sugars and starches that have been processed in a way that speeds digestion. Chronic high blood sugar has deleterious effects on health. Side effects of uncontrolled diabetes (i.e., unchecked high blood sugar) can include polyuria, polydipsia, blurred vision, fatigue, weight gain, and (maybe) heart disease and cancer. One common measure of carbohydrate quality is the glycemic index (GI), a standardized measure of blood sugar (glucose) response to individual foods. Reference: Good Calories, Bad Calories: Challenging the Conventional Wisdom on Diet, Weight Control, and Disease by Gary Taubes, 2007 Smith Asymmetric Information 2 / 27
  • 6. The Science The Question The Experiment The Meals The Results Blood Sugar and Insulin High-GI foods (e.g., white bread) can induce sudden spikes in blood sugar. Smith Asymmetric Information 3 / 27
  • 7. The Science The Question The Experiment The Meals The Results Blood Sugar and Insulin High-GI foods (e.g., white bread) can induce sudden spikes in blood sugar. Your pancreas responds by secreting insulin into the bloodstream. Smith Asymmetric Information 3 / 27
  • 8. The Science The Question The Experiment The Meals The Results Blood Sugar and Insulin High-GI foods (e.g., white bread) can induce sudden spikes in blood sugar. Your pancreas responds by secreting insulin into the bloodstream. Insulin tells your body to absorb glucose (by burning it, storing it in liver and muscles, and converting it to body fat). Smith Asymmetric Information 3 / 27
  • 9. The Science The Question The Experiment The Meals The Results Blood Sugar and Insulin High-GI foods (e.g., white bread) can induce sudden spikes in blood sugar. Your pancreas responds by secreting insulin into the bloodstream. Insulin tells your body to absorb glucose (by burning it, storing it in liver and muscles, and converting it to body fat). GI is hard to measure: differs from person to person, is affected by cooking time, other foods included in meal, and even chewing speed. Nevertheless, published values for some foods are available. Smith Asymmetric Information 3 / 27
  • 10. The Science The Question The Experiment The Meals The Results Blood Sugar and Insulin High-GI foods (e.g., white bread) can induce sudden spikes in blood sugar. Your pancreas responds by secreting insulin into the bloodstream. Insulin tells your body to absorb glucose (by burning it, storing it in liver and muscles, and converting it to body fat). GI is hard to measure: differs from person to person, is affected by cooking time, other foods included in meal, and even chewing speed. Nevertheless, published Reference: Ludwig, D. S. JAMA values for some foods are available. 2002;287:2414-2423. Smith Asymmetric Information 3 / 27
  • 11. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 12. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . . . . is (prohibitively?) costly to the consumer References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 13. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . . . . is (prohibitively?) costly to the consumer . . . is asymmetric, in that it is more available to producers (who have full information about processing) References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 14. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . . . . is (prohibitively?) costly to the consumer . . . is asymmetric, in that it is more available to producers (who have full information about processing) . . . is unobservable even after consumption References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 15. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . . . . is (prohibitively?) costly to the consumer . . . is asymmetric, in that it is more available to producers (who have full information about processing) . . . is unobservable even after consumption . . . is something consumers are likely to care about, given effects on health. . . References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 16. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information Because high-GI foods are less costly to produce, and because information about glycemic effects. . . . . . is (prohibitively?) costly to the consumer . . . is asymmetric, in that it is more available to producers (who have full information about processing) . . . is unobservable even after consumption . . . is something consumers are likely to care about, given effects on health. . . . . . glycemic effects constitute what economists call a credence quality, or credence good. References: Darby & Karni (1973); Smith, Chouinard & Wandschneider (2011) Smith Asymmetric Information 4 / 27
  • 17. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information, cont’d Market Problem: In the absence of a market intervention that makes it possible for producers to send credible signals about product quality (standards, certifications, etc.), credence qualities lead to a market breakdown (a.k.a. “Lemons Equilibrium”), in which low-quality goods (in this case, high-GI foods) dominate the market. Smith Asymmetric Information 5 / 27
  • 18. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information, cont’d Market Problem: In the absence of a market intervention that makes it possible for producers to send credible signals about product quality (standards, certifications, etc.), credence qualities lead to a market breakdown (a.k.a. “Lemons Equilibrium”), in which low-quality goods (in this case, high-GI foods) dominate the market. Personal Problem: So which foods should I eat? Avoiding all processed food is costly. . . so it would be nice to know which products are better or worse. . . for me. Smith Asymmetric Information 5 / 27
  • 19. The Science The Question The Experiment The Meals The Results The Economics of (Dietary) Information, cont’d Market Problem: In the absence of a market intervention that makes it possible for producers to send credible signals about product quality (standards, certifications, etc.), credence qualities lead to a market breakdown (a.k.a. “Lemons Equilibrium”), in which low-quality goods (in this case, high-GI foods) dominate the market. Personal Problem: So which foods should I eat? Avoiding all processed food is costly. . . so it would be nice to know which products are better or worse. . . for me. The Good News: The cost of measuring one’s blood sugar is falling, making it possible to personally assess individual foods (economic note: thus transforming a credence quality into an experience quality. . . for me). Smith Asymmetric Information 5 / 27
  • 20. The Science The Question The Experiment The Meals The Results Measuring Blood Sugar Home test kits are cheap and reliable (this one: $9 at Walmart) Each measurement requires tiny drop of blood and a single-use test strip ($0.43 each) Need to be careful about things that influence blood sugar: exercise, time of day, time since last meal, etc. Smith Asymmetric Information 6 / 27
  • 21. The Science The Question The Experiment The Meals The Results The Question What should I eat? GI available for some foods, but not for meals, not for ME. Question, more precisely: what are the foods I eat (or once ate, as a teenager) doing to my blood sugar? Note: Subject is non-diabetic, as confirmed by recent A1c test ($9 single-use kit, Walmart) result of 5.3%. Smith Asymmetric Information 7 / 27
  • 22. The Science The Question The Experiment The Meals The Results The Experiment Experimental protocol, in brief: Measure blood sugar before lunch (t = 0). Eat lunch (0 < t < 30 min.). Re-sample blood every 30 minutes, for five hours. Limit exercise during afternoon to short walks down the hall. Take notes. Smith Asymmetric Information 8 / 27
  • 23. The Science The Question The Experiment The Meals The Results The Meals Smith Asymmetric Information 9 / 27
  • 24. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) Smith Asymmetric Information 9 / 27
  • 25. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) 2 Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal) Smith Asymmetric Information 9 / 27
  • 26. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) 2 Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal) 3 Buttered Bread: Thick-crust Ciabatta (4x) w/plenty of Butter (≈ 1100 cal) Smith Asymmetric Information 9 / 27
  • 27. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) 2 Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal) 3 Buttered Bread: Thick-crust Ciabatta (4x) w/plenty of Butter (≈ 1100 cal) 4 Mac & Cheese: 1 package, w/Olive Oil (≈ 1450 cal) Smith Asymmetric Information 9 / 27
  • 28. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) 2 Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal) 3 Buttered Bread: Thick-crust Ciabatta (4x) w/plenty of Butter (≈ 1100 cal) 4 Mac & Cheese: 1 package, w/Olive Oil (≈ 1450 cal) 5 Beer & Brats: 24oz. Moose Drool, 3 Brats (≈ 1350 cal) Smith Asymmetric Information 9 / 27
  • 29. The Science The Question The Experiment The Meals The Results The Meals 1 Fruit & Veggies: Stir-fried Bok Choy, Peanuts, Pear, Carrots (≈ 750 cal) 2 Beans: 1 can, rinsed, w/Canola Oil (≈ 950 cal) 3 Buttered Bread: Thick-crust Ciabatta (4x) w/plenty of Butter (≈ 1100 cal) 4 Mac & Cheese: 1 package, w/Olive Oil (≈ 1450 cal) 5 Beer & Brats: 24oz. Moose Drool, 3 Brats (≈ 1350 cal) 6 Vending Machine: Vanilla Creme Cookies, Potato Chips (3x), Twix, Cherry Coke (1725 cal) Smith Asymmetric Information 9 / 27
  • 30. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) Smith Asymmetric Information 10 / 27
  • 31. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) Smith Asymmetric Information 10 / 27
  • 32. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) Smith Asymmetric Information 10 / 27
  • 33. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) 10 Bun (No Burger): 6 Hamburger Buns, Ketchup/Mustard/Pickles (≈ 1100 cal) Smith Asymmetric Information 10 / 27
  • 34. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) 10 Bun (No Burger): 6 Hamburger Buns, Ketchup/Mustard/Pickles (≈ 1100 cal) 11 Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal) Smith Asymmetric Information 10 / 27
  • 35. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) 10 Bun (No Burger): 6 Hamburger Buns, Ketchup/Mustard/Pickles (≈ 1100 cal) 11 Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal) 12 Pizza Hut: Medium Pepperoni (Pan Pizza, 6 slices), 22 oz. Root Beer (1780 cal) Smith Asymmetric Information 10 / 27
  • 36. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) 10 Bun (No Burger): 6 Hamburger Buns, Ketchup/Mustard/Pickles (≈ 1100 cal) 11 Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal) 12 Pizza Hut: Medium Pepperoni (Pan Pizza, 6 slices), 22 oz. Root Beer (1780 cal) 13 Subway (low-fat menu): Footlong Chicken Teriyaki, Yogurt, Baked Lays, Juicebox (872 cal) Smith Asymmetric Information 10 / 27
  • 37. The Science The Question The Experiment The Meals The Results The Meals 7 McDonald’s: Quarter Pounder w/Cheese, Large Fries, Med. (21 oz.) Shake (1855 cal) 8 Jack in the Box: Big Cheeseburger, Medium Fries, 16 oz. Shake (1940 cal) 9 Burger (No Bun): Ground Beef (1/2 lb.), Fried Eggs (3x), Cheese (≈ 1150 cal) 10 Bun (No Burger): 6 Hamburger Buns, Ketchup/Mustard/Pickles (≈ 1100 cal) 11 Ice Cream: 1 pint, 24 oz. Shake (≈ 1900 cal) 12 Pizza Hut: Medium Pepperoni (Pan Pizza, 6 slices), 22 oz. Root Beer (1780 cal) 13 Subway (low-fat menu): Footlong Chicken Teriyaki, Yogurt, Baked Lays, Juicebox (872 cal) Which will cause biggest “spike” in blood sugar? Smith Asymmetric Information 10 / 27
  • 38. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 11 / 27
  • 39. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 12 / 27
  • 40. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 13 / 27
  • 41. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans Buttered Bread 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 14 / 27
  • 42. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans Buttered Bread Mac & Cheese 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 15 / 27
  • 43. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans Buttered Bread Mac & Cheese Beer & Brats 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 16 / 27
  • 44. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans Buttered Bread Mac & Cheese Beer & Brats Vending Machine 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 17 / 27
  • 45. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 18 / 27
  • 46. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 19 / 27
  • 47. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box Burger No Bun 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 20 / 27
  • 48. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box Burger No Bun 200 Bun No Burger 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 21 / 27
  • 49. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box Burger No Bun 200 Bun No Burger Ice Cream 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 22 / 27
  • 50. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box 200 Pizza Hut 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 23 / 27
  • 51. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies McDonald's Jack in the Box 200 Pizza Hut Subway Low Fat 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 24 / 27
  • 52. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fruit & Veggies Beans Buttered Bread Mac & Cheese Beer & Brats Vending Machine McDonald's Jack in the Box Burger No Bun 200 Bun No Burger Ice Cream Pizza Hut Subway Low Fat 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 25 / 27
  • 53. The Science The Question The Experiment The Meals The Results The Results Blood Glucose, mg dL 250 Fast Food 'Slow' Food 200 150 100 Hours 0 1 2 3 4 5 Smith Asymmetric Information 26 / 27
  • 54. The Science The Question The Experiment The Meals The Results . . . A Grain of Salt Caveats: Small subject pool! (n=1) Small number of meal replications! (n=1 in most cases) Best course of action: collect your own data. (and if you do, consider sharing it: trentsmith@wsu.edu) Smith Asymmetric Information 27 / 27
  • 55. The Science The Question The Experiment The Meals The Results . . . A Grain of Salt Caveats: Small subject pool! (n=1) Small number of meal replications! (n=1 in most cases) Best course of action: collect your own data. (and if you do, consider sharing it: trentsmith@wsu.edu) Nevertheless, some tentative observations: At best, standard 2-hour GI misses a lot. Fast food is hard to beat if you’re looking for a (blood) sugar high. Be skeptical of health claims. Would the market outcome be different if information about glycemic effects were more widely available? Smith Asymmetric Information 27 / 27