When Students Were Held as "Prisoners" in the Stanford Prison

question 108

Essay

When students were held as "prisoners" in the Stanford prison study, how did they respond during the first days of the experiment? Why did the researchers end the study at Day 6, instead of Day 14 as initially planned?

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Definitions:

Insurance Contracts

Contracts under which one party (the insurer) accepts significant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specific uncertain future event adversely affects the policyholder.

Warranty Obligations

Liabilities recognized by a company to cover the costs of repairs or replacements for products sold within a specified warranty period.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.