Video: Philip Zimbardo – The Power Of Situation Understanding The Prison & Milgram Experiment
What happens when you put good people in bad situations?
If you’re interested in learning about influence, group think, and social psychology this 20 minute documentary is worth your time. For investors there are several parallels in this material: primarily lessons concerning group think, escalation of commitment, fundamental attribution error, and cognitive dissonance.
Speaker Background (Via Wikipedia)
Philip George Zimbardo is an American psychologist and a professor emeritus at Stanford University. He is known for his Stanford prison study and his authorship of introductory psychology textbooks for college students.