Evolutionary Psychology, Moral Intuition and the Structure of Insider Trading Law

Steven R. McNamara

American University of Beirut

March 7, 2014

American insider trading law is currently in an expansionist phase both in the substance of its legal doctrines under Rule 10b-5 and the resources devoted by federal officials to insider trading prosecutions. While these developments pose certain risks, they also respond to deep-seated moral intuitions human beings have concerning social interaction, including investments in the corporate enterprise. Evolutionary psychology offers a persuasive account of the appeal strong insider trading law holds, and also a theoretical justification for recent trends. An evolutionary psychological account of insider trading law also offers the promise of providing a theoretical basis for the observed correlation of insider trading enforcement with various measures of the health of financial markets, as well as a unified jurisprudence of insider trading law.

Number of Pages in PDF File: 59

Keywords: Insider trading, evolutionary psychology, law and economics

JEL Classification: C71, D64, G18, K22, K42

Download This Paper

Date posted: April 3, 2014  

Suggested Citation

McNamara, Steven R., Evolutionary Psychology, Moral Intuition and the Structure of Insider Trading Law (March 7, 2014). Available at SSRN: http://ssrn.com/abstract=2419635 or http://dx.doi.org/10.2139/ssrn.2419635

Contact Information

Steven McNamara (Contact Author)
American University of Beirut ( email )
Feedback to SSRN

Paper statistics
Abstract Views: 504
Downloads: 80
Download Rank: 196,616
Paper comments
No comments have been made on this paper

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.531 seconds