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    The Hour Between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of Boom and Bust (Fourth Estate) (Paperback) By (author) John Coates

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    DescriptionMartin Scorsese's 'The Wolf of Wall Street' exposes the excesses of the trading floor - but if you want to know more about the biology that drives this risky business, neuroscientist John Coates can explain it all. Shortlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award and the Wellcome Trust Book Prize, this startling and unconventional book from neuroscientist and former Wall Street trader John Coates shows us the bankers in their natural environment, revealing how their biochemistry has a lasting and significant impact on our economy. We learn how risk stimulates the most primitive part of the banker's brain and how making the deals our bank balances depend on provokes an overwhelming fight-or-flight response. Constant swinging between aggression and apprehension impairs their judgment, causing economic upheaval in the wider world. The transformation between each split-second decision is what Coates calls the hour between dog and wolf, and understanding the biology behind bubbles and crashes may be the key to stabilising the markets.


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  • Full bibliographic data for The Hour Between Dog and Wolf

    Title
    The Hour Between Dog and Wolf
    Subtitle
    Risk-taking, Gut Feelings and the Biology of Boom and Bust
    Authors and contributors
    By (author) John Coates
    Physical properties
    Format: Paperback
    Number of pages: 304
    Width: 130 mm
    Height: 197 mm
    Thickness: 22 mm
    Weight: 220 g
    Language
    English
    ISBN
    ISBN 13: 9780007413522
    ISBN 10: 0007413521
    Classifications

    Warengruppen-Systematik des deutschen Buchhandels: 27820
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    Libri: ENGM8000
    BISAC V2.8: BUS016000
    Libri: FINA4050
    BIC subject category V2: KCK
    DC23: 332
    Publisher
    HarperCollins Publishers
    Imprint name
    FOURTH ESTATE LTD
    Publication date
    01 February 2013
    Publication City/Country
    London
    Author Information
    John Coates is a senior research fellow in neuroscience and finance at the University of Cambridge. He previously worked on Wall Street for Goldman Sachs, and ran a trading desk for Deutsche Bank. In 2004 he returned to Cambridge to research the biology of financial risk-taking. His work has been published in the Proceedings of the National Academy of Sciences and the Financial Times and been cited in the New York Times, Wall Street Journal, The Economist, New Scientist, Wired and Time.
    Review quote
    '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 'This stunning book... should be compulsory reading for anyone concerned about the behaviour of those involved in the lying and manipulation of those involved in the lying and manipulation of successive banking scandals' Mail on Sunday '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 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
    Table of contents
    ENG