Assistant Trader Interview Questions

578 assistant trader interview questions shared by candidates

I have 100 green marbles and 100 red marbles and I can divide them up however I want between 2 bags. There has to be 1 marble in each bag, other than that no restrictions. You do not know how I divide them up or which bag you are getting. If you pick a green marble I pay you 100 dollars, If you pick a red, I pay nothing. What is a fair price for this game?
avatar

Assistant Trader

Interviewed at Jane Street

4.4
Feb 20, 2011

I have 100 green marbles and 100 red marbles and I can divide them up however I want between 2 bags. There has to be 1 marble in each bag, other than that no restrictions. You do not know how I divide them up or which bag you are getting. If you pick a green marble I pay you 100 dollars, If you pick a red, I pay nothing. What is a fair price for this game?

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?
avatar

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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