Trainee Trader Interview Questions

11,667 trainee trader interview questions shared by candidates

I flip a coin three times, and then another three times. If the number of heads is the same the first and second time, I win. If the number of heads is different, then I win. If I win, you pay me one dollar. If you win, I give you 3 dollars. Is this game worth playing?
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Assistant Trader

Interviewed at Susquehanna International Group

3.8
Feb 15, 2011

I flip a coin three times, and then another three times. If the number of heads is the same the first and second time, I win. If the number of heads is different, then I win. If I win, you pay me one dollar. If you win, I give you 3 dollars. Is this game worth playing?

If we play a game in which Player 1 picks a number 1-11, and then player 2 can add 1-11 to that (i.e. player 1 picks 5, player 2 can add to make it 6-16), what is the strategy to win this game if Player 1 wants to make 60?
avatar

Assistant Trader

Interviewed at Susquehanna International Group

3.8
May 4, 2011

If we play a game in which Player 1 picks a number 1-11, and then player 2 can add 1-11 to that (i.e. player 1 picks 5, player 2 can add to make it 6-16), what is the strategy to win this game if Player 1 wants to make 60?

You know there are 2 boys and an unknown number of girls in a nursery at a hospital. Then a woman gives birth a baby, but you dont know its gender, and it is placed in the nursery. Then a nurse comes in a picks up a baby and it is a boy. Given that the nurse picks up a boy, what is the probability that the woman gave birth to a boy? (Hint, it does not matter how many girls are in the nursery to begin with)
avatar

Assistant Trader

Interviewed at Susquehanna International Group

3.8
May 4, 2011

You know there are 2 boys and an unknown number of girls in a nursery at a hospital. Then a woman gives birth a baby, but you dont know its gender, and it is placed in the nursery. Then a nurse comes in a picks up a baby and it is a boy. Given that the nurse picks up a boy, what is the probability that the woman gave birth to a boy? (Hint, it does not matter how many girls are in the nursery to begin with)

You are playing a game in which four fair coins are flipped and the amount of money you receive in dollars is equal to the number of heads that appear in total. If you do not like the outcome of the first four flips, you have the option to re-flip the four coins, but you are obligated to take the second outcome. Determine a fair value fr the game.
avatar

Trader Intern

Interviewed at Jane Street

4.4
Jan 30, 2012

You are playing a game in which four fair coins are flipped and the amount of money you receive in dollars is equal to the number of heads that appear in total. If you do not like the outcome of the first four flips, you have the option to re-flip the four coins, but you are obligated to take the second outcome. Determine a fair value fr the game.

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