Jane Street Quant Trading Intern Interview Question: Dice Game Expected Value
One of the classic probability puzzles you might encounter involves expected value and dice games. Understanding how to calculate the expected value of simple games is crucial for quant trading interviews, as it tests your grasp of probability, combinatorics, and logical reasoning. In this comprehensive guide, we’ll break down a popular Jane Street interview question involving a dice game, walk you through every step of the solution, and explain all relevant concepts in detail.
Here’s the problem statement:
Let’s dissect the problem and see how to approach it from a quantitative perspective.
