Download The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust AudioBook Free
A successful Wall Avenue trader changed Cambridge neuroscientist shows the biology of boom and bust and exactly how risk taking transforms our body chemistry, traveling us to extremes of euphoria and dangerous action or stress and depressive disorder. The laws of financial boom and bust, as it happens, have more than a little to do with male hormones. In a series of groundbreaking tests, Dr. John Coates determined a feedback loop between testosterone and success that drastically lowers the fear of risk in men - especially young men. Significantly, the fear of risk is not low in women. Similarly, extreme failure leads to a growth in levels of cortisol, the antitestosterone hormone, which reduces the hunger for risk across a whole spectrum of decisions. Coates had set out to prove a solid intuition from his past job: Before he became a world-class neuroscientist, Coates ran a derivatives office in New York. As an effective trader on Wall structure Avenue, "the hour between dog and wolf" was as soon as traders altered - they would become revved up, exuberant risk takers when flying high or tentative, risk-averse animals when cowering using their company losses. Coates grasped instinctively that these dispositions were influenced by body - and then he turned out it. The Hour between Dog and Wolf expands on Coates' own research to offer lessons from the entire exploding new field of the biology of risk. Risk concentrates your brain and body like nothing at all else, changing our physiology in ways that have serious and lasting effects. Also, biology shifts buyers' risk choices across the business circuit and can precipitate great change in the marketplace. Though Coates' research concentrates on dealers, his conclusions shed light on all types of high-pressure decision making, from the sports field to the battlefield. This e book leaves us with a robust information: Handling risk in a "highly developed" way is not a matter of head over body; from the matter of mind and body working together. We all own it in us to be altered from dog into wolf; the only real question is whether we can understand the causes and the results.
