The Math of Money: Making Mathematical Sense of Your Personal Finance (Hardcover)

AMoney is peculiar stuffAOr has been until now. Morton DavisAs book is subtitled AMaking Mathematical Sense of Your Personal Finances, A but as he points out in the introduction, this is not a how-to book. Its focus is on understanding the structure of financial transactions and the principles that underlie them. Each of the bookAs nine chapters takes a subjectAand trenchantly and readably demystifies itAThis is a clear and fascinating book, and anyone curious about the subject of money should read it.A APlus Online Magazine, Cambridge University, U

"Davis offers a mathematiciana (TM)s view of certain areas of economics and finance. For instance, he helps readers understand how interest compounds, how the stock market works, and how anyone can save enough money for retirement. a ] Each chapter begins with a section called a ~Test your intuitiona (TM) that brings such matters to light. Many other scenarios and exercises in the text put money matters into the context of everyday life." (Science Now, March, 2002)

"This book is a very unusual and very entertaining introduction to financial mathematics to readers with a modest mathematical background. Each chapter begins with a section entitled Test Your Intuition. A few multiple choice questions are presented; the reader is invited to guess the answer. a ] Then the chapter goes on to present the related basic notions and ideas a ] . I warmly recommend the book to anyone who wants to learn the basic ideas of financial mathematics in a very enjoyable way." (LAszlA3 I. SzabA3, Acta Scientiarum Mathematicarum, Vol. 68, 2002)

"This book presents, in the authora (TM)s own words, a mathematiciana (TM)s point ofview about basic issues of finance: mortgages, interest rates, investment futures, options and so on. a ] The main purpose of the book is to challenge (wrong) intuitions about some basic financial issues and to teach how to think mathematically a ] . This book is intended for the general reader. a ] The math of money is full with delightful explanations and insights and it is very lively ... ." (JosA(c) LAis Fernandez Perez, Zentralblatt MATH, Vol. 983, 2002)

"This book covers the range of topics that one would expect to find in an undergraduate course on financial mathematics a ] . the material is treated at a level that would be understood by anyone who has studied mathematics to the final year of high school. Most of the material is treated by means of concrete examples a ] . I quite enjoyed this book and I would have no hesitation in recommending it to students as preliminary reading for finance and derivative courses." (W. P. Wood, The Australian Mathematical Society Gazette, Vol. 29 (1), 2002)

"Each of the booka (TM)s nine chapters takes a subject a" a ~Interesta (TM) or a ~Statisticsa (TM), for example a" and trenchantly and readably demystifies it. ... Though the explanations are simple, they are not simplified, and indeed several examples are included ... . The examples are, though, are carefully chosen to help the story along, not merely stuck in for the sake of it. ... this is a clear and fascinating book, and anyone curious about the subject of money should read it." (Mark Wainwright, www.plus.math.org, Issue 16, 2002)

Product Description
The Math of Money is filled with wha at first glance looks like anomaly and paradox, but it ends up showing us that a good deal of what we consider common sense actually make no sense at all. With a wealth of entertaining and counterintuitive examples, it delights as well as informs, and will help readers treat their financial resources more rationally. The Math of Money is filled with wha at first glance looks like anomaly and paradox, but it ends up showing us that a good deal of what we consider common sense actually make no sense at all. With a wealth of entertaining and counterintuitive examples, it delights as well as informs, and will help readers treat their financial resources more rationally. The Math of Money is filled with wha at first glance looks like anomaly and paradox, but it ends up showing us that a good deal of what we consider common sense actually make no sense at all. With a wealth of entertaining and counterintuitive examples, it delights as well as informs, and will help readers treat their financial resources more rationally. The Math of Money is filled with wha at first glance looks like anomaly and paradox, but it ends up showing us that a gooate consider common sense actually make no sense at all. With a wealth of entertaining and counterintuitive examples, it delights as well as informs, and will help readers treat their financial resources more rationally. The Math of Money is filled with what at first glance looks like anomaly and paradox, but it ends up showing us that a good deal of what we consider common sense actually make no sense at all. With a wealth of entertaining and counterintuitive examples, it delights as well as informs, and will help readers treat their financial resources more rationally.

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