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
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Author(s): Coates, John
ISBN No.: 9780007413522
Pages: 304
Year: 201301
Format: UK-B Format Paperback (Trade Paper)
Price: $ 22.51
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

'This brilliant book shows how human biology contributes to the alternating cycles of irrational exuberance and pessimism that destabilise banks and the global economy and how the system could be calmed down by applying biological principles … Should be top of the summer reading list for Jamie Dimon, chief executive of JPMorgan, and anyone else wondering why traders so often get banks into trouble' Financial Times 'If Coates is right- the evidence he presents is compelling- then the financial; crises that so frequently plague capitalism find their roots in human biology' New Scientist Magazine '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, Professor of Neurology, Stanford University, and author of Why Zebras Don't Get Ulcers 'A vivid and brilliantly written narrative: by integrating his knowledge of neuroscience with his experience as a Wall Street trader, Coates pulls the curtain on the physiological mechanisms that prepare some individuals to thrive and others to be devastated by confronting risk. The Hour Between Dog and Wolf insures that future models of risk-taking will include the important role of the nervous system.' Stephen Porges, Professor of Psychiatry, University of Illinois at Chicago, and author of The Polyvagal Theory '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!' Rita Carter, author of Mapping the Mind 'It makes intuitive sense that biological responses inform the mood of the markets. This book puts flesh on that idea' Economist.


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