In 'The Hour Between Dog and Wolf,' John Coates explores the intriguing intersection of finance and biology, revealing how our primal instincts shape our decision-making in high-stakes environments. As he delves into the psychological and physiological effects of risk-taking, Coates uncovers why some investors thrive while others falter. Rich with insights from neuroscience, the book challenges conventional wisdom about the rationality of market behavior. Readers are invited to question how their own instincts play a role in their professional lives. Prepare to see the world of finance through a completely new lens, where biology meets Wall Street.
By John Coates
Published: 2013
"In that fleeting moment when instinct meets reason, we discover not only who we are, but who we might become."
A successful Wall Street trader turned neuroscientist reveals how risk taking and stress transform our body chemistry Before he became a world-class scientist, John Coates ran a derivatives trading desk in New York City. He used the expression “the hour between dog and wolf” to refer to the moment of Jekyll-and-Hyde transformation traders passed through when under pressure. They became cocky and irrationally risk-seeking when on a winning streak, tentative and risk-averse when cowering from losses. In a series of groundbreaking experiments, Coates identified a feedback loop between testosterone and success—one that can cloud men’s judgment in high-pressure decision-making. Coates demonstrates how our bodies produce the fabled gut feelings we so often rely on, how stress in the workplace can impair our judgment and even damage our health, and how sports science can help us toughen our bodies against the ravages of stress. Revealing the biology behind bubbles and crashes, The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.
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“In that fleeting moment when instinct meets reason, we discover not only who we are, but who we might become.”
The Hour Between Dog and Wolf
By John Coates
Discover a world of knowledge through our extensive collection of book summaries.
John Coates is a renowned author and researcher known for his work at the intersection of finance and biology. He is the author of several influential books, including "The Hour Between Dog and Wolf" and "The Biology of Risk," where he explores how biological processes shape economic behaviors and decision-making in high-pressure environments. Coates’ writing is characterized by a unique blend of scientific insight and narrative storytelling, making complex topics accessible to a broad audience. His background as a former Wall Street trader and a neuroscientist informs his innovative perspectives on risk, decision-making, and the human experience in financial markets.
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In "The Psychology of Money," Morgan Housel unravels the complex relationship between our emotions and financial decisions. Through captivating anecdotes and profound insights, he reveals that wealth isn't just about numbers, but about behavior and mindset. The book challenges conventional wisdom, urging readers to understand the subtle psychological forces that influence our spending and saving habits. Housel's reflections highlight the power of patience, humility, and a long-term perspective in building true financial success. Prepare to rethink everything you thought you knew about money and its role in your life!
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