Quantitative Research Interview Questions

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Betting game (simulating poker). There are only 2 cards- an ace and a queen. You and your opponent get a card each. You can see your card but the opponent can't. You both have $1 in the pot. With what probability p should you raise $1 if you have an ace, and with what probability q should you raise $1 if you have a queen- given that the opponent knows your strategy (knows your probabilities)?
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Quantitative Trader

Interviewed at Five Rings

3.7
Oct 9, 2024

Betting game (simulating poker). There are only 2 cards- an ace and a queen. You and your opponent get a card each. You can see your card but the opponent can't. You both have $1 in the pot. With what probability p should you raise $1 if you have an ace, and with what probability q should you raise $1 if you have a queen- given that the opponent knows your strategy (knows your probabilities)?

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