The Hour between Dog and Wolf
Risk Taking, Gut Feelings, and the Biology of Boom and Bust
The laws of financial boom and bust have more than a little to do with male hormones. In a series of groundbreaking experiments, Dr. John Coates identified a link between testosterone and success. He had set out to prove a strong intuition from his previous career as a successful trader on Wall Street. "The hour between dog and wolf" was the moment traders transformed-they would become revved up, exuberant risk takers when flying high or tentative, risk-averse creatures when cowering from their losses. Coates understood instinctively that these dispositions were driven by body chemistry-and then he proved it. This book expands on Coates' research to offer lessons from the entire exploding new field of the biology of risk. We all have it in us to be transformed from dog into wolf, we just need to understand the causes and the consequences.
