Summer sales interview questions shared by candidates
I roll a die. If I roll a 1, I give you $1. If I roll a 2, I give you $2, and so on. Make me a market on this game, and explain why.
I didn't process it as an expected value question at first (embarrassingly enough), but the EV of the game is (1 + 2 + 3 + 4 + 5 + 6)/6, or 21/6, or 7/2. So the market should be made tight since it's easily calculable-- 3.49/3.51
This wasn't difficult, but it's the only specific question I can remember. You're playing basketball and you're down by 2. You know you can hit a 2-pointer to tie the game with 28% probability, and then go on to win the game in overtime with 50% probability. Alternatively, you know you can hit a 3-pointer and win with 15% probability. Which do you take?
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