Authors
Gil Hersch
Virginia Tech
Abstract
Spoofing is the act of placing orders to buy or sell a financial contract without the intention to have those orders fulfilled in order to create the impression that there is a large demand for that contract at that price. In this article, I deny the view that spoofing in financial markets should be viewed as morally permissible analogously to the way bluffing is permissible in poker. I argue for the pro tanto moral impermissibility of spoofing and make the case that spoofing is disanalogous from bluffing in at least one important regard—speculative trading serves an important economic role, whereas poker does not.
Keywords Bluffing  Deception  Financial markets  Poker  Spoofing
Categories (categorize this paper)
DOI 10.5840/bpej20207695
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

 PhilArchive page | Other versions
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Nuclear Deterrence by Bluff.Nicholas Wharton - 1962 - New Blackfriars 43 (502):169-174.
E. Belfort Bax: Spiritual Spoof.Belfort Bax - 2008 - The Chesterton Review 34 (3/4):463-467.

Analytics

Added to PP index
2020-05-06

Total views
147 ( #64,796 of 2,403,894 )

Recent downloads (6 months)
107 ( #5,694 of 2,403,894 )

How can I increase my downloads?

Downloads

My notes