The Hour Between Dog and Wolf

352 pages, 2013

John Coates

Takeaways

Description

A successful Wall Street trader turned Cambridge neuroscientist reveals the biology of financial boom and bust, showing how risk-taking transforms our body chemistry, driving us to extremes of euphoria or stressed-out depression.

The laws of financial boom and bust, it turns out, have a lot to do with male hormones. In a series of startling experiments, Canadian scientist Dr. John Coates identified a feedback loop between testosterone and success that dramatically lowers the fear of risk in men, especially young men; he has vividly dubbed the moment when traders transform into exuberant high-flyers the hour between dog and wolf.

Similarly, intense failure leads to a rise in levels of cortisol, which dramatically lowers the appetite for risk. His book expands on his seminal research to offer lessons from the exploding new field of studying the biology of risk. Coates's conclusions shed light on all types of high-pressure decision-making, from the sports field to the battlefield, and leave us with a powerful recognition: to handle risk isn't a matter of mind over body, it's a matter of mind and body working together.

Understanding the Body's Role in Decision Making

In 'The Hour Between Dog and Wolf', John Coates explores the fascinating connection between our bodies and our decision-making abilities. He suggests that our physical state can significantly influence our choices, which is a fresh perspective to consider.

The Impact of Stress

Coates digs into the effects of stress on our bodies and minds. He explains how stress can alter our decision-making process, often leading to poor choices. This insight can help us manage stress better and make more informed decisions.

The Biology of Risk

The book takes a deep look into the biology of risk. Coates explains how our bodies react to risk and how this can impact our decisions. This can be a game-changer for anyone in high-risk professions or situations.

The Power of Hormones

Coates researches the role of hormones in decision making. He finds that hormones like testosterone and cortisol can significantly influence our choices. Understanding this can help us better control our decisions and reactions.

The Importance of Balance

In 'The Hour Between Dog and Wolf', Coates emphasizes the importance of maintaining a balance between our physical and mental states. He suggests that this balance can lead to better decision making and overall well-being. This is a valuable takeaway for anyone looking to improve their life.

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