The Hour Between Dog And Wolf: Risk Taking, Gut Feelings And The Biology Of Boom And Bust (2012)
The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust (2012)
3.88 of 5 Votes: 4
0307359670 (ISBN13: 9780307359674)
Random House Canada
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For some unexplained reason, I couldn't wait for this book to be over. I normally enjoy psychology books. And books about the trials and tribulations of investment could possibly be interesting as well. But for whatever reason, I couldn't get into this one. To boot, the author actually uses facts and data to back up his conclusions, which I thoroughly appreciate. The only thing I can come up with that might have contributed to my lack of interest is that a large nubmer of the examples were fictitious. Even though they were based on solid science from the broker-turned-neuroscientist, maybe knowing that the actual account was made up made me mentally check-out during those times. Overall, maybe I just needed to be more interested in investing to appreciate it. Maybe if there were more examples from life outside of investing (and there were several), I'd be more interested.That being said, it was well written. And if the author was to write another book combining psychology with another topic, I'd probably give it a shot. The author is a former trader turned neuro-scientist and he explains how stress and hormones drive the behavior of traders, leading to irrational exuberance and well as irrational panic on the markets.The interesting side of this book is how our physiology is influencing our decision-making, and how it can be contagious in a group. The book describes in minute detail the working of our nervous and hormonal system when we are faced with the stress of modern life.If there is a proof that the rational approach of economists and market theorists can only be wrong, it is this book. In effect our primitive brain happens to drive a lot more of our actions than what we'd like to believe - and thus creates irrational behaviors that can have far-flung impact on our economy and our lives.Read this amazing book to understand to which extend what we believe are our choices are in fact dictated by our deeper, primitive nature; how our physiology influences deeply our behavior and choices - and how seldom in fact our rational, evolved brain intervenes in our decision-making.
Just got this book. Looking forward to reading it. Reviews look very interesting.
Finance with human neurology and biology.
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