Summer Analyst Interview Questions

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Assume x dollar(uniformly from(0,1000)) is put into a blackbox. Then you bid on the amount. If x>bid, you get return 1.5x-bid; otherwies you get nothing. The question is what is the optimal bid. Several other different circumstances are also been asked.
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Trading Summer Intern

Interviewed at Jane Street

4.4
Nov 7, 2016

Assume x dollar(uniformly from(0,1000)) is put into a blackbox. Then you bid on the amount. If x>bid, you get return 1.5x-bid; otherwies you get nothing. The question is what is the optimal bid. Several other different circumstances are also been asked.

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