PHI 2397 Lecture Notes - Lecture 9: Making Money, Insider Trading

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Page number only start on the second page. Only provide referencing if you provide direct quotes. If (cid:455)ou use di(cid:396)ect (cid:395)uotes e(cid:454)plai(cid:374), do(cid:374)"t just i(cid:374)se(cid:396)t o(cid:374)e. use the(cid:373) spa(cid:396)i(cid:374)gl(cid:455). Most of the paper will be explaining what it is about then explain your opinion. Cannot discuss every point that they try to make. Second-explain the three types of trap mckee identifies in the first half of the article. Third-how can we escape and avoid these traps. Insider trading: using information that is not readily available to the public and making money off those trades. Fairness: equal information, equal access to information. Property rights to information-misapproprition theory-no insider trading is an incentive to innovation etc.

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