Quantitative Trader Interview Questions

1,130 quantitative trader interview questions shared by candidates

We have two urns. You can't tell them apart from the outside, but one has seven $1 chips and three $10 chips, and the other has nine $1 chips and one $10 chip. You randomly draw a chip from one of the urns and it happens to be a $10 chip. Without replacing this draw, I offer you a chance to draw and keep a chip from either urn. Should you draw from the same urn or the opposite urn, and what is the expected value of the chip you draw? Why?
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Quantitative Trader Intern

Interviewed at Jane Street

4.4
Jan 13, 2021

We have two urns. You can't tell them apart from the outside, but one has seven $1 chips and three $10 chips, and the other has nine $1 chips and one $10 chip. You randomly draw a chip from one of the urns and it happens to be a $10 chip. Without replacing this draw, I offer you a chance to draw and keep a chip from either urn. Should you draw from the same urn or the opposite urn, and what is the expected value of the chip you draw? Why?

You have been chosen to play a game involving a 6-sided die. You get to roll the die once, see the result, and then may choose to either stop or roll again. Your payoff is the sum of your rolls, unless this sum is greater than 9, in which case you "bust" and get nothing. What is your strategy for this game? That is, for each possible outcome of the first roll will you choose stop or to roll again?
avatar

Quantitative Trader Intern

Interviewed at Jane Street

4.4
Jan 13, 2021

You have been chosen to play a game involving a 6-sided die. You get to roll the die once, see the result, and then may choose to either stop or roll again. Your payoff is the sum of your rolls, unless this sum is greater than 9, in which case you "bust" and get nothing. What is your strategy for this game? That is, for each possible outcome of the first roll will you choose stop or to roll again?

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