Hour Between Dog and Wolf
Risk-taking, Gut Feelings and the Biology of Boom and Bust
By John Coates | Publisher: HarperCollins Publishers
About the book
In this time of financial crisis, a resonant and singular exploration of economic behaviour and its ramifications.In this startling and unconventional book, neuroscientist and former Wall Street trader John Coates explains something we have long suspected: that we think with our body as well as our brain. This is true when we take risks at work, in sport, on the battlefield, and especially in the financial markets. Making and losing money provokes an overwhelming biological response, and this can alter the way we behave. Could this bodily turmoil lead to the kind of irrational exuberance and pessimism that so regularly destabilise the global economy?In a series of groundbreaking experiments, Coates has shown that under the pressure of risk our biology transforms us into different people, a transformation he refers to as the hour between dog and wolf. Traders and investors are especially prone, becoming revved-up and testosterone-driven when on a winning streak, and tentative and risk-averse when cowering from losses. The Hour Between Dog and Wolf reveals the biology of bubbles and crashes; and how the presence of more women on the trading floors could help stabilise the markets.Drawing on recent research in neuroscience and medicine, Coates looks more generally at how our bodies produce the fabled gut feelings we so often rely on; how stress in the workplace can affect our risk-taking and even damage our health; how sports science can teach us how to toughen our physiology against the ravages of stress. The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.
Editions of Hour Between Dog and Wolf
- Hardcover
- ISBN 9780007413515
- Paperback
- ISBN 9780007413522
- Paperback
- ISBN 9780007476695
- Paperback
- ISBN 9780007490691
- EBook
- ISBN 9780007465101
Read an Excerpt
In this time of financial crisis, a resonant and singular exploration of economic behaviour and its ramifications.In this startling and unconventional book, neuroscientist and former Wall Street trader John Coates explains something we have long suspected: that we think with our body as well as our brain. This is true when we take risks at work, in sport, on the battlefield, and especially in the financial markets. Making and losing money provokes an overwhelming biological response, and this can alter the way we behave. Could this bodily turmoil lead to the kind of irrational exuberance and pessimism that so regularly destabilise the global economy?In a series of groundbreaking experiments, Coates has shown that under the pressure of risk our biology transforms us into different people, a transformation he refers to as the hour between dog and wolf. Traders and investors are especially prone, becoming revved-up and testosterone-driven when on a winning streak, and tentative and risk-averse when cowering from losses. The Hour Between Dog and Wolf reveals the biology of bubbles and crashes; and how the presence of more women on the trading floors could help stabilise the markets.Drawing on recent research in neuroscience and medicine, Coates looks more generally at how our bodies produce the fabled gut feelings we so often rely on; how stress in the workplace can affect our risk-taking and even damage our health; how sports science can teach us how to toughen our physiology against the ravages of stress. The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.
Frequently Asked Questions
What is Hour Between Dog and Wolf about?
In this time of financial crisis, a resonant and singular exploration of economic behaviour and its ramifications.In this startling and unconventional book, neuroscientist and former Wall Street trader John Coates explains something we have long suspected: that we think with our body as well as our brain. This is true when we take risks at work, in sport, on the battlefield, and especially in the financial markets. Making and losing money provokes an overwhelming biological response, and this can alter the way we behave. Could this bodily turmoil lead to the kind of irrational exuberance and pessimism that so regularly destabilise the global economy?In a series of groundbreaking experiments, Coates has shown that under the pressure of risk our biology transforms us into different people, a transformation he refers to as the hour between dog and wolf. Traders and investors are especially prone, becoming revved-up and testosterone-driven when on a winning streak, and tentative and risk-averse when cowering from losses. The Hour Between Dog and Wolf reveals the biology of bubbles and crashes; and how the presence of more women on the trading floors could help stabilise the markets.Drawing on recent research in neuroscience and medicine, Coates looks more generally at how our bodies produce the fabled gut feelings we so often rely on; how stress in the workplace can affect our risk-taking and even damage our health; how sports science can teach us how to toughen our physiology against the ravages of stress. The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.
What core themes, tropes, or subjects are explored in Hour Between Dog and Wolf?
Economics, Finance, Business and Management > Economics > Macroeconomics > Monetary economics
Where can I read a sample of Hour Between Dog and Wolf?
You can read an official preview of the few pages here https://www.book2look.com/book/9780007413515
Who is/are the Author/s of the book Hour Between Dog and Wolf?
John Coates
What are the ISBN numbers for the physical and digital editions?
Hour Between Dog and Wolf is available as hardcover(ISBN 9780007413515) and paperback(ISBN 9780007413522) and paperback(ISBN 9780007476695) and paperback(ISBN 9780007490691) and ebook(ISBN 9780007465101)
Where can I buy Hour Between Dog and Wolf online or support local independent bookshops?
You can buy Hour Between Dog and Wolf from below
Where can I buy Hour Between Dog and Wolf?