The Hour Between Dog & Wolf: Risk Taking, Gut Feelings, And The Biology of Boom & Bust

Capital markets post-industrial revolution demand intense biological processes that can surpass natural limits. John Coates, a neuroscientist trader and author of The Hour Between Dog & Wolf (2012), argues that the biological storm associated with our work and lifestyle is too much for a human’s biochemical makeup. This is especially true with traders in financial markets who experience winning and losing streaks. Financial risk-taking, he argues, is a biological activity with corresponding medical consequences.

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