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The Milgram Universe Of Credit Derivatives: A Regulatory Proposal, Grace Chong

Grace Chong

Much work in social psychology suggests that in compressed and interactively complex systems, subjects surrender responsibility for their actions in full faith of the system. The leading experiment on obedience, the Milgram experiment, was originally devised by Stanley Milgram to test the willingness of subjects to comply with acts against their conscience under the instruction of authority. However, his later findings, and further research by other academics have expanded the scope of his previous conception of ‘authority’ to hospital studies , aviation , and business contexts. No research has yet been conducted as to the relation between Milgram’s theory and …