The math of money: making mathematical sense of your personal finances

Abstract

"In this introduction to the mathematics of money, Morton D. Davis invites us to take a fresh look at the numbers that underpin our financial decisions. He talks about strategies to use when we are required to bet against the odds (purchasing auto insurance) or choose to bet against the odds (wagering in a casino or at the track). He considers the ways in which we can streamline and simplify the choices available to us in mortgages and other loans. And he helps us understand the real probabilities when we accept a tip on that "one in a thousand" stock, even when the tip comes from a brilliantly successful day trader."--BOOK JACKET