The Hour Between Dog and Wolf
Book description
As scandal and the aftershocks of the crash rock the financial world, former Wall Street trader John Coates investigates why our financiers are driven to take risks.
Now shortlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award and the Wellcome Trust Book Prize, this…
Why read it?
1 author picked The Hour Between Dog and Wolf as one of their favorite books. Why do they recommend it?
No, this book is not by John Coates the corporate law professor. It's by another John Coates, who was a Wall Street trader and became a neuroscientist (!).
The descriptions of the physiology of risk-taking are not only fascinating in their own right but also deeply intuitive, and should be of enormous help to regulators trying to address banker misbehavior. They give the lie to the idea that simple stories—people are good or bad! It’s all about incentives!—can do a good job in explaining what happened.
This book makes clear that we have to understand the role of…
From Claire's list on bankers, especially bankers behaving badly.
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