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Perhaps an analogy would help. Suppose you are giving a prize for someone who guesses how many eggs you eat in the morning. If I watch you checkout at the groc
by RcouF1uZ4gsC 7y ago
Perhaps an analogy would help.
Suppose you are giving a prize for someone who guesses how many eggs you eat in the morning. If I watch you checkout at the grocery store and based on the number of eggs you buy, guess that you eat 2 eggs a day, and win the prize, that is not theft.
If however your chef who prepares you breakfast every morning “guesses” you eat 2 eggs, then that would be problematic.
- jakelazaroff 7y agoAccording to OP, insider trading is about theft, not fairness. Given that, how is it problematic for the chef in your analogy to guess? They're not stealing, they're just acting in ways most people would consider unfair.
- PeterisP 7y agoIf a chef is fully employed by you, then all that information gained/used in the course of that employment also belongs to you. If the chef working in your restaurant sells a cake he made there and puts the money in his pocket instead of yours, that's theft. It's legal to sell cakes the chef made, it's just the the resulting value belongs to the employer and not to the chef personally. If the chef working in your restaurant sells some of the cooking ingredients and puts the money in his pocket instead of yours, that's theft. It's legal to sell spare cooking ingredients from a kitchen, it's just that the resulting value belongs to the employer. And in the exact same manner, if the chef working in your restaurant sells the customer order statistics (e.g. how many eggs were eaten) and puts the money in his pocket instead of yours, that's theft. It's legal to sell customer order stats, it's just that as far as those stats have value, that value belongs to the employer and not to the chef personally.