Darme Cuenta de Quién Soy

In this paper, the old view of self-knowledge as a practical achievement is vindicated. Constitutivism, the view that connects self-knowledge to the rational agency, thus taking a step towards this practical dimension, is discussed first. But their assumption of an epistemic asymmetry that privileges self-knowledge is found mistaken. The practical dimension of self-knowledge, its potential transformative power, is accounted in terms of the interiorization of the concepts acquired in intersubjective interaction.En este trabajo se reivindica la concepción tradicional del autoconocimiento como una forma de saber práctico. Para ello, se discute primero el constitutivismo, la posición que dentro de la filosofía anglosajona busca en la dimensión práctica la clave de las propiedades distintivas del autoconocimiento, que es directo e inmediato. Sinembargo, el constitutivismo asume aún la tesis de la asimetría epistémica, que privilegia el autoconocimiento, un supuesto que se muestra incorrecto. Reconocer la dimensiónpráctica del autoconocimiento, los efectos potencialmente transformadores de la reflexión sobre uno mismo, implica verlo como una capacidad resultado de la interiorizaciónde las capacidades conceptuales desarrolladas en la interacción intersubjetiva, aplicadasa la propia experiencia subjetiva

Firms vs. insiders as traders of last resort

We explore the role of corporate insiders vs. firms as traders of last resort. We develop a simple model of insider trading in which insiders provide price support, as well as liquidity, in security markets. Consistent with the model predictions we find that in the US markets insiders’ trading activities have a clear impact on return distributions. Furthermore, we provide empirical evidence on insiders transactions and firm transactions affecting returns in a different manner. In particular, while insiders’ transactions (both purchases and sales) have a strong impact on skewness in the short run and to a lesser extent in short run volatility, company repurchases only have a clear impact on volatility, both in the short and the long run. We provide explanations for this asymmetry.Insider trading, liquidity, short-horizon variance, autocorrelation, skewness