The 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

by John Coates, Richard Powers

Narrated by Richard Powers

Unabridged — 10 hours, 30 minutes

The 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

by John Coates, Richard Powers

Narrated by Richard Powers

Unabridged — 10 hours, 30 minutes

Audiobook (Digital)

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Overview

How risk taking transforms our body chemistry, driving us to extremes of euphoria and risky behavior-or stress and depression

In this eye-opening book, Coates-a former Wall Street trader and now a world-class neuroscientist-describes the role our biology plays in our risk-taking behavior. Coates 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 their bodies to describe the physiology driving them into irrational exuberance and then pessimism. The result is a riveting tale and a penetrating insight into how traders'-and indeed all humans'-bodies guide their risk taking, endowing them with fast reactions and gut feelings; but how their biology can also lead them to extremes of euphoria or anxiety and stress, thereby wreaking havoc on the economy. Coates extends his conclusions to all types of high-pressure decision making-from the sports field to the battlefield.


Editorial Reviews

Bloomberg Businessweek

[A] profoundly unconventional book. It’s also so absorbing that I wound up reading it twice…From the first page to the last, Coates challenges deep-seated assumptions.”

Stephen W. Porges

A vivid and brilliantly written narrative: by integrating his knowledge of neuroscience with his experience as a Wall Street trader, Coates pulls back the curtain on the physiological mechanisms that prepare some individuals to thrive and others to be devastated by confronting risk.”

New Scientist

Compelling.”

Daily Beast

If anyone is qualified to unify the seemingly disparate subjects of financial markets and neurology, it’s John Coates…The Hour Between Dog and Wolf is a powerful distillation of his work—and an important step in the ongoing struggle to free economics from rational-actor theory.”

Booklist

A former financial trader, Coates combines his real-world experience and his clinical study of human physiology into a story of Wall Street speculators in action…A provocative challenger to rational-choice views of high finance, Coates makes an exceptionally clear, readable presentation that is bound to influence arguments about the regulation of Wall Street.”

Economist

It makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea.”

author of Mapping the Mind Rita Carter

A terrific read—better than any amount of economic analysis because it explains what lies at the root of economic disaster—those biological drivers that cause sane and clever people to make catastrophic decisions. Every banker should be made to read it.”

Gabor Maté

John Coates brings finely honed scientific insight to his insider’s look at the world of high-wire high finance to produce a vivid depiction of the minds, brains, and bodies of economic movers and shakers living on the edge.”

From the Publisher

"A profoundly unconventional book… It's also so absorbing that I wound up reading it twice…From the first page to the last, Coates challenges deep-seated assumptions."
Bloomberg Businessweek

One of Financial Times' Best Books of 2012

"A profoundly unconventional book... It's also so absorbing that I wound up reading it twice... From the first page to the last, Coates challenges deep-seated assumptions."
Bloomberg Businessweek

"If anyone is qualified to unify the seemingly disparate subjects of financial markets and neurology, it's John Coates... The Hour Between Dog and Wolf is a powerful distillation of his work-and an important step in the ongoing struggle to free economics from rational-actor theory."
The Daily Beast

"[I]t makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea."
The Economist

"[A] scintillating treatise on the neurobiology of the business cycle. Coates... draws an intimate portrait of life on a trading floor…The result is a provocative and entertaining take on the irrational exuberance-and anxiety-of the modern economy."
Publishers Weekly

"A provocative challenger to rational choice views of high finance, Coates makes an exceptionally clear, readable presentation that is bound to influence arguments about the regulation of Wall Street.”
Booklist

"The picture of humans as rational economic machines has gone down the tubes. This book looks at the biology of why Homo economicus is a myth, and no one is better positioned to write this than Coates-he is a neuroscientist AND an economist AND an ex-Wall Street trader AND a spectacular writer. A superb book."
Robert Sapolsky, neuroscientist, Stanford University

"If anyone is qualified to unify the seemingly disparate subjects of financial markets and neurology, it's John Coates…The Hour Between Dog and Wolf is a powerful distillation of his work-and an important step in the ongoing struggle to free economics from rational-actor theory."
The Daily Beast

"[I]t makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea."
The Economist

Product Details

BN ID: 2940169898668
Publisher: Blackstone Audio, Inc.
Publication date: 06/14/2012
Edition description: Unabridged
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