Does Good Presentation Improve Food Taste?

Which kare-kare would taste better, the one presented like an Amorsolo painting or those that are simply poured onto a bowl?

A dish presented in 3 different ways (via Rappler)

Flavor is said to be 75% smell so that if you cannot smell your food, you only experience 25% of it. But if the entire experience of food were fully taken up by what the nose and our taste buds can receive, why do we bother arranging food in such creative ways, complemented by elaborate paraphernalia – such as linen, delicate porcelain, wood or glass? Why do we even patronize fine dining with all its accompanying rituals and not simply assure ourselves that good food is good food so we should just serve it the same way all the time?... Rappler