Trainee Trader Interview Questions

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Question 2: A chest contains a treasure that is equally likely to be worth any amount between $0 and $1,000. You may bid on the chest, but you only get it if you bid more than the value of the treasure, x. You can resell the treasure for 1.5x. What should you bid?
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Assistant Trader Intern

Interviewed at Jane Street

4.4
Apr 15, 2013

Question 2: A chest contains a treasure that is equally likely to be worth any amount between $0 and $1,000. You may bid on the chest, but you only get it if you bid more than the value of the treasure, x. You can resell the treasure for 1.5x. What should you bid?

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