A decade ago, computer scientist Douglas Hofstadter coined the term innumeracy, which aptly described the widespread ailment of poor quantitative thinking in American society. So, in What the Numbers Say, Derrick Niederman and David Boyum present clear and comprehensible methods to help us process and calculate our way through the world of “data smog” that we live in. Avoiding abstruse formulations and equations, Niederman and Boyum anchor their presentations in the real ...

“I am hard pressed to think of another book that can match the combination of practical insights and reading enjoyment.”—Steven LevittGame theory means rigorous strategic thinking. It’s the art of anticipating your opponent’s next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game theory involve simple common sense, much is counterintuitive, and it can only be mastered by developing a new way of seeing the world. Using a diverse arr...

A detailed guide to overcoming the most frequently encountered psychological pitfalls of investingBias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle.In The Little Book of Behavioral Investing, expert James Montier ta...

From lotteries, opinion polls and insurance to worries about murder rates, natural disasters and terrorism, probability plays a major part in our everyday lives—a part that is frequently and needlessly misunderstood. Jeffrey S. Rosenthal, a math professor and improvisational comedian, comes to the rescue with this irreverent, bestselling exploration of the odds and oddities of randomness. Looking at such familiar topics as poker hands, e-mail spam, political elections and game shows, S...

Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities.In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are ...

The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success—and m...

In a series of disarmingly simple arguments financial market analyst George Cooper challenges the core principles of today's economic orthodoxy and explains how we have created an economy that is inherently unstable and crisis prone. With great skill, he examines the very foundations of today's economic philosophy and adds a compelling analysis of the forces behind economic crisis. His goal is nothing less than preventing the seemingly endless procession of damaging boom-bust cycles, unsus...

WHAT ARE THE ODDS YOU'LL WIN THE LOTTERY?How long will your kids wait in line at Disney World?Who decides that “standardized tests” are fair?Why do highway engineers build slow-moving ramps?What does it mean, statistically, to be an “Average Joe”?NUMBERS RULE YOUR WORLDIn the popular tradition of eye-opening bestsellers like Freakonomics, The ...

John Allen Paulos is a master at shedding mathematical lights on our everyday world:What exactly did Lani Guinier say about quotas?What is the probability of identifying a murderer through DNA testing?Which are the real risks to our health and which the phony ones?Employing the same fun-filled, user-friendly, and quirkily insightful approach that put Innumeracy on best-seller lists, Paulos now leads us through the pages of the daily newspaper, revealing the hidden mathematical ang...

In the wake of his enormously popular books The Armchair Economist and More Sex Is Safer Sex, Steven Landsburg uses concepts from mathematics, economics, and physics to address the big questions in philosophy: What is real? What can we know? What is the difference between right and wrong? And how should we live?Widely renowned for his lively explorations of economics, in his fourth book Landsburg ...

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is the worst financial crisis since the 1930s," writes Soros...

Everyone who's had to get to grips with chance knows how tricky even its simplest manifestations can be. Its workings are a constant challenge to common sense: a run of luck goes bad just when you trust it; expert predictions of everything from the weather to elections prove hopelessly unreliable; proven health advice turns out to be anything but.Award-winning scientist and writer Robert Matthews shows us how we can cut through the conundrums of chance. He gives us access to some o...