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Book Review: 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

John Coates, senior research fellow in neuroscience and finance at the University of Cambridge, offers a number of fascinating lessons from a booming new field, the biology of risk, revealing how risk taking and stress transform our body chemistry and drive us to irrational exuberance or pessimism. When such chemical surges overwhelm traders and investors, they tend to suffer either euphoric overconfidence or extreme timidity. Read more

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