The Hour Between Dog and Wolf
How Risk Taking Transforms Us, Body and Mind
by:
John Coates
in:
Biology
Summary:
The book explores the connection between physical responses and risk-taking behavior, particularly in the financial world, examining how stress and hormones like adrenaline and cortisol can influence traders' decisions and potentially destabilize markets. It delves into the biological underpinnings of economic decision-making and the implications for understanding market behavior and managing risk.
Key points:
1. Body's Role in Decision Making: Coates argues that physical responses to risk, such as increased heart rate, influence our decisions, challenging the idea that decision-making is purely cognitive.
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