The Math of Money—Making Mathematical Sense of Your Personal Finances

Davis (emeritus, math City College of New York) does not offer a quick road to wealth. Although his discussion doesn't require a sophisticated math background, readers will need a strong interest in money and numbers and a willingness to examine some of the fallacies of "intuitive" understanding. In fact, each chapter begins with "test your intuition" questions (answers at the back of the book) with regard to investment strategies, interest, bonds, mortgages, retirement, the psychology of investing, statistics, and options. Certainly, those who study this work will gain respect for the complexities and the nuances of money and investments, enhanced understanding of the logic behind why "sure" things go wrong, and some new ideas about how to proceed through the uncertain terrain of financial decision making. Annotation c. Book News, Inc., Portland, OR (booknews.com)