Trading Interview Questions

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You are going to see a sports tournament between two teams. Best of 7. Can only have win/loss outcomes. Devise the optimum betting strategy such that at the end of the tournament you are either up 100 or down 100. Was initially confused about starting money but he told me that you can bet any amount.
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Summer Trading Analyst

Interviewed at Jane Street

4.4
Jan 7, 2013

You are going to see a sports tournament between two teams. Best of 7. Can only have win/loss outcomes. Devise the optimum betting strategy such that at the end of the tournament you are either up 100 or down 100. Was initially confused about starting money but he told me that you can bet any amount.

Choose a person randomly on the street, X. Let N denote the random variable representing the number of people that you select randomly from the street before you find someone who's taller than X. What is E[N]?
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Trading Algo Developer

Interviewed at Hudson River Trading

4.1
Jan 28, 2021

Choose a person randomly on the street, X. Let N denote the random variable representing the number of people that you select randomly from the street before you find someone who's taller than X. What is E[N]?

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