The Hour Between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of Boom and Bust. (2012)

“Coates identifies a feedback loop between testosterone and success that dramatically lowers the fear of risk in men. Similarly, intense failure leads to a rise in levels of cortisol that lowers the appetite for risk.

UK – Fourth Estate. USA – Pengiuin. Canada – Random House

 Dr John Coates is a successful Wall Street trader turned Cambridge neuroscientist

“The Hour Between Dog and Wolf” (Penguin, 2012) draws on Coates’ groundbreaking experiments identifying a feedback loop between testosterone and success that dramatically lowers the fear of risk in men. Similarly, intense failure leads to a rise in levels of cortisol, the anti-testosterone hormone that lowers the appetite for risk.

Though Coates’s research concentrates on traders, his conclusions shed light on all types of high-pressure decision making, from the sports field to the battlefield.

Access a copy here: The Hour Between Dog and Wolf