The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind
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If Coates is right- the evidence he presents is compelling- then the financial; crises that so frequently plague capitalism find their roots in human biology’ New Scientist Magazine Coates refutes the general perception that women are more risk averse than men. He cites a study by Brad Barber and Terrance Odean that analyzed 35,000 personal accounts over 1991–1997 that showed single women outperformed single men by nearly 1.5%. This outperformance could be correlated with greater risk taking by women. Some researchers have traced this outperformance to the fact that women traded their accounts less frequently than men, who tended to overtrade their accounts owing to overconfidence. Coates offers a different explanation of women’s outperformance: Women compose only about 5% of an average bank trading floor but as much as 60% of the employees of major U.K. asset management companies. Although asset management involves risk taking, it is a different style of risk taking from the high-frequency variety so prevalent at banks. Coates suggests that the difference between men’s and women’s risk taking may lie not so much in different levels of risk aversion as in the length of time the two sexes take to make decisions. He argues that the financial world needs more long-term strategic thinking, and the data indicate that women excel at this activity. Coates makes a very convincing argument that a financial community with a more even balance between men and women, young and old, would be a significant improvement over the current system. 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.
Humans are built to move, so move we should. The more research emerges on physical exercise, the more we find that is benefits and far beyond our muscles a cardiovascular systems. Exercise expands the productive capacity of our amine-producing cells, helping to inoculate us against anxiety, stress, depression and learned helplessness. It also floods our brains with what are called growth factors, and these keep existing neurons Young and new neurons growing-some scientist called these growth factors "brain fertilizer"-so our brains are strengthened against stress and aging. A well-designed regime of physical exercise can be a boot camp for the brain. In the future, however, the advice to exercise, administered so literally by doctors everywhere, could be made more effective by being more explicit. What type of exercise? Antibiotic or anaerobic? How often? Once again, sports science could help enormously and tailoring this advice to the person receiving it.
The nineteenth-century German physiologist Rudolf Virchow once remarked that politics is medicine writ large, and today we could extend his dictum to economics." What caught my attention about this book a few years ago was the premise: author Coates formerly worked at Wall Street and have experienced firsthand the fascinating emotions that goes on the trading floor there. After leaving Wall Street and the financial world, he entered the academic neuroscientific world and began revisiting his old world as an bystander-observer, and relating his firsthand experiences with his objective analyses in his new of how neuroscience and the financial world affect each other. A] scintillating treatise on the neurobiology of the business cycle. Coates… draws an intimate portrait of life on a trading floor …The result is a provocative and entertaining take on the irrational exuberance—and anxiety—of the modern economy.”— Publishers Weekly Tragedies abound in the hidden life of a Jewish girl in the historical novel At the Hour Between Dog and Wolf—and questions about what moral compromises are the acceptable cost of survival. Today we may be paying a high price for our modern comforts. In fact, cannons fears of a decline in fitness may have been justified: recent evidence suggests that the widespread adoption of climate control in home, car and office may be one cause of the current obesity epidemic. The disappearance of thermal stress from our lives may have another unintended consequence: it may have largely eliminated a valuable toughening process.
I remembered that when I read The Story of Philosophy by Will Durant. He says that the epistemology has kidnapped the modern philosophy. People during this modern era with so much of abundant resources of knowledge and science yet can't be able solves the problem of knowledge we humans are facing right now. Maybe there is a limit of human knowledge that we can't even understand the species of ourselves. But the recent discovery of behavioral economics by Daniel Kahneman and Amos Tversky have succeeded in building up a more realistic picture of how we behave when dealing with money. (For more information, please read his best selling book. Thinking Fast & Slow as I couldn't be able to interpret the idea of the book within this limited paragraph) Daniel Kahneman, for one, has conducted research in the physiology of attention and arousal and has recently pointed out that we think with our body. In fact, it may be more scientifically accurate, although semantically difficult, to stop speaking in terms of brain and body at all, as if they were separable, and to speak instead of a whole-person to respond to events. Told from the perspective of a young Jewish girl grappling with identity, Ison’s timely book considers that moment between dusk and night, the almost imperceptible shift into darkness, both political and personal, as it exposes the high cost of accommodation of evil and bigotry. Provocative, vivid, and affecting, this novel will inspire important conversations that we all need to be having now.”— EJ Levy, author, The Cape Doctor
This is a sad, often beautiful novel… Ison renders the slow disintegration of a once-vital woman, and its effect on her daughter, with perfect heartbreaking despair…A provocative story.” — The Boston Book Review Book Genre: Biology, Business, Economics, ers, Finance, Neuroscience, Nonfiction, Psychology, rs, Science, Self Help, Social Science The ‘winner effect’ was known to exist in humans – athletes and it was identified in city traders, says Dr Coates. Full Book Name: The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust
I read John Coates, The Hour Between Dog and Wolf, another in a series of books on behavioral economics, from the interesting perspective of someone who has been both a trader as well as a researcher. Again, much like other work in this field, such as Thinking, Fast and Slow by Kahneman, largely demolishes the classical economic rational decision-making, as it maps out the linkages between our conscious and unconscious systems. Quote: An NIS agent as well, he is the biological son of Lee Soo-hyun's adopted father. Growing up together with Soo-hyun, he realizes that he will always be Soo-hyun's shadow in everyone's eyes. But he doesn't let this get in the way of his and Soo-hyun's close relationship. He longs for his father's attention (who seems to be trained on Soo-hyun) and the love of Ji-woo, who is in love with Soo-hyun. He changes during the series from a carefree smile to eyes of revenge.This is a KDrama that has a lot to offer in terms of exciting and moving entertainment. Lee Joon-gi shows edge here even at his younger age. But all of them express their emotions with some intensity. This does not go bye unnoticed. For example, the author attributed market crash in October to decreasing testosterone level of investors. Is that believable? We have got really good preliminary data to suggest that rising levels of testosterone in young male traders, when they are on a winning streak are actually shifting their risk preferences and causing them to take too much risk.” At the Hour Between Dog and Wolf is a thrilling novel, not just as a splendid read but as a deeply resonant work of art driven by the central yearning in the greatest literary narratives: the yearning for a self, for an identity, for a place in the world. Tara Ison has always been a writer I’ve ardently admired. Here she is at the height of her estimable powers.” —Robert Olen Butler
Her life in a small farming community is hard at first with chores, loneliness, and the lie she lives to become Marie-Jeanne. Along with her life in the city she has had to give up pretty dresses and shoes, the stores, and everything that mattered to a young girl. These things are replaced by milking the cows, learning to knit and sew, going hungry, wearing scratchy woolen hand-me-down clothes, and hand made shoes with wooden soles. As she matures, the Catholic pretense becomes more real than the life she left behind and her beliefs are compromised when she admits a secret to a German soldier. This creates a frightening and guilt ridden situation that makes Marie-Jeanne try even harder to find safety in her new world.If the walls separating brain from body came down," writes Coates, "so too would the barriers between many subjects." Such as economics and medicine, for starters.