The hour between dog and wolf: risk-taking, gut feelings and the biology of boom and bust

Book Cover
Average Rating
Author:
Publisher:
Varies, see individual formats and editions
Pub. Date:
Varies, see individual formats and editions
Language:
English
Description

A successful Wall Street trader turned Cambridge neuroscientist reveals the biology of boom and bust and how risk taking transforms our body chemistry, driving us to extremes of euphoria and risky behavior or stress and depression The laws of financial boom and bust, it turns out, have more than a little to do with male hormones. In a series of groundbreaking experiments, Dr. John Coates identified a feedback loop between testosterone and success that dramatically lowers the fear of risk in men, especially younger men—significantly, the fear of risk is not reduced in women. Similarly, intense failure leads to a rise in levels of cortisol, the antitestosterone hormone that lowers the appetite for risk across an entire spectrum of decisions. Coates had set out to prove what was already a strong intuition from his previous life: Before he became a world-class neuroscientist, Coates ran a derivatives desk in New York. As a successful trader on Wall Street, "the hour between dog and wolf" was the moment traders transformed-they would become revved up, exuberant risk takers, when flying high, or tentative, risk-averse creatures, when cowering from their losses. Coates understood instinctively that these dispositions were driven by body chemistry—and then he proved it. The Hour Between Dog and Wolf expands on Coates's own research to offer lessons from the entire exploding new field—the biology of risk. He brings his research to life by telling a story of fictional traders who get caught up in a bubble and then a crash. As these traders place their bets and live with the results, Coates looks inside bodies to describe the physiology driving them into irrational exuberance and then pessimism. Risk concentrates the mind—and the body—like nothing else, altering our physiology in ways that have profound and lasting effects. What's more, biology shifts investors' risk preferences across the business cycle and can precipitate great change in the marketplace. Though Coates's research concentrates on traders, his conclusions shed light on all types of high-pressure decision making-from the sports field to the battlefield. The Hour Between Dog and Wolf leaves us with a powerful recognition: To handle risk in a "highly evolved" way isn't a matter of mind over body; it's a matter of mind and body working together. We all have it in us to be transformed from dog into wolf; the only question is whether we can understand the causes and the consequences.

More Details
ISBN:
9781594203381
9781481590433
Also in This Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID8f3000cc-1fda-1031-608d-bd696deedd43
Grouping Titlehour between dog and wolf risk taking gut feelings and the biology of boom and bust
Grouping Authorcoates john
Grouping Categorybook
Last Grouping Update2019-11-19 04:43:49AM
Last Indexed2019-11-19 04:44:29AM

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorJohn Coates
author_displayCoates, John
available_at_arlingtonCentral
collection_arlingtonAdult Nonfiction
detailed_location_arlingtonCentral Adult Nonfiction
display_descriptionA Wall Street trader-turned-neuroscientist reveals the biology of boom-and-bust cycles to explain the impact of risk taking on body chemistry, citing the relationship between testosterone, decision making, and emotional health.
format_arlingtonBook
eAudiobook
format_category_arlingtonAudio Books
Books
eBook
id8f3000cc-1fda-1031-608d-bd696deedd43
isbn9781481590433
9781594203381
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent FileeContent URLsubformatDetailed StatusLast CheckinLocationSub-location
overdrive:c62bb5a0-42b6-4030-9901-5bbac542b81d-1Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books1falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenAvailable Online
ils:.b13864075.i17466015Central Adult Nonfiction332.632 COATE1falsefalseOn ShelfAug 18, 2019can
itype_arlingtonHardback
last_indexed2019-11-19T09:44:29.188Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_arlington332.632 COATE
Online OverDrive
owning_library_arlingtonArlington Public Library
Aurora Hills
Central
Cherrydale
Columbia Pike
Connection Crystal City
Detention Center
Glencarlyn
Local History
Plaza
Shirlington
Westover
owning_location_arlingtonCentral
primary_isbn9781594203381
publishDate2012
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
overdrive:c62bb5a0-42b6-4030-9901-5bbac542b81deAudiobookAudio BooksEnglishBlackstone Publishing2012
ils:.b13864075BookBooksEnglishPenguin Press, [2012]339 pages : illustrations ; 24 cm.
recordtypegrouped_work
scoping_details_arlington
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:c62bb5a0-42b6-4030-9901-5bbac542b81d-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
ils:.b13864075.i17466015On ShelfOn Shelffalsetruetruefalsefalsetrue9999
subject_facetFinance -- Psychological aspects
Financial risk -- Pscyhological aspects
Risk-taking (Psychology)
Speculation -- Psychological aspects
title_displayThe hour between dog and wolf : risk-taking, gut feelings and the biology of boom and bust
title_fullThe Hour between Dog and Wolf Risk Taking, Gut Feelings, and the Biology of Boom and Bust
The hour between dog and wolf : risk-taking, gut feelings and the biology of boom and bust / John Coates
title_shortThe hour between dog and wolf
title_subrisk-taking, gut feelings and the biology of boom and bust
topic_facetBusiness
Nonfiction