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Junior Quantitative Analyst Interview Questions

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2. 2 players, called T and H, flip coin, the pot starts with 10 dollars, T wins the money in the pot if TT (tail tail) occurs while H wins the money in the pot if HH (head head) occurs. The game ends if the number of heads and the number of tails differ by more than 2 (inclusive, |#H-#T|>=2). Would you like to be play H and what is your strategy? What is you expected gain? If I offer you $20 and ask you to be player T and I will be player H, would you like to play? What about I give you $50, $100??
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Quantitative Researcher

Interviewed at Jane Street

4.4★
Dec 21, 2016

2. 2 players, called T and H, flip coin, the pot starts with 10 dollars, T wins the money in the pot if TT (tail tail) occurs while H wins the money in the pot if HH (head head) occurs. The game ends if the number of heads and the number of tails differ by more than 2 (inclusive, |#H-#T|>=2). Would you like to be play H and what is your strategy? What is you expected gain? If I offer you $20 and ask you to be player T and I will be player H, would you like to play? What about I give you $50, $100??

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