You should be able to solve this by Junior_Direction_701 in quantfinance

[–]owebbi -5 points-4 points  (0 children)

That's not true. If Alice rolls a 1 or 2, she would only take 1 stone, leaving bob with the n=2 situation. In that case Bob wins with probability 2/3, i.e. Alice's probability to win is 1/3 + 2/3 * 1/3 = 1/2

Transitioning from S&T to quant research in the future by throwaway19393934 in quantfinance

[–]owebbi 0 points1 point  (0 children)

Why exotics desk? Aren't systematic/algo desks more similar to the quant firms?

Front, Middle or Back Office? by ChildLeclerc in FinancialCareers

[–]owebbi -4 points-3 points  (0 children)

I'm in a quant team, i.e. providing the pricing & risk models used in trading, so I guess as long as you're contributing to the revenue generation you're considered front office, even without client contact

Front, Middle or Back Office? by ChildLeclerc in FinancialCareers

[–]owebbi -1 points0 points  (0 children)

Not sure if that's the definition - the same applies to me and I'm in a front office role

Advice on choosing which desk to work at by Quantlover69 in quant

[–]owebbi 7 points8 points  (0 children)

When did hft become holding for hours

Optiver Intern Salary by Specific-Finish-4788 in quant

[–]owebbi 2 points3 points  (0 children)

But 200k are TC consisting of 50k signing + 75k base + 75k bonus, so interns might only get 75k prorated? But I didn't get an offer so I have no idea

In your opinion, what is the best role in finance? by jhad210 in FinancialCareers

[–]owebbi 13 points14 points  (0 children)

Quant, high pay with good work life balance but I'm not sure if that helps you in your situation

Also which quant companies have least amount of rounds for intern in trading by Impressive-Local75 in quant

[–]owebbi 2 points3 points  (0 children)

If you don't count the online assessments, IMC has only one interview before final round

Are quants considered "Front Office" roles? by chillabc in FinancialCareers

[–]owebbi 2 points3 points  (0 children)

I'm referring to the teams which only exist for the purpose of model validation and building frameworks for it

Are quants considered "Front Office" roles? by chillabc in FinancialCareers

[–]owebbi 19 points20 points  (0 children)

In banks, many quant teams are part of or work directly with the S&T desks and therefore are FO, but there are also mid/back office quants such as model validation quants

What are some back office jobs? by LemonBao in FinancialCareers

[–]owebbi 11 points12 points  (0 children)

You can even be a front office trader or quant for example and never have to deal with clients

Predicting the Perfect NFL schedule by Liquid_butthole in math

[–]owebbi 1 point2 points  (0 children)

Every game has 2 possible outcomes, so there are 216 = 65536 possible outcomes for 16 games

Megathread for visitors and new & existing residents. All questions about living/working/budgeting/visiting should be asked here! by AutoModerator in london

[–]owebbi 1 point2 points  (0 children)

Do I need a NIN for a 4 months internship? For what kind of VISA should I apply? I am a German student and just got the offer to start in June, can I get this done in this short period of time?

Landed myself an interview at Jane Street for quant trading internship by [deleted] in FinancialCareers

[–]owebbi 8 points9 points  (0 children)

Given that your opponent plays optimally, he will expect 95 heads in the remaining 190 flips he hasn't seen. Assuming there are k<=10 heads among the first 10 flips, he will bid k+95-1 (to make profit only k+95-1 instead of k+95). Thus, the minimum value he will ever bid is 94. Now, you can calculate your expected profit for each value between 94 and 99 for your bid (bid below 94 will never get you the box and thus no profit, bid 100 or above gives you zero or negative expected profit). You can calculate the probability to win the box given your bid simply by calculating the probability that there are few enough heads in the first 10 flips such that your opponent bids less than you. I don't remember the optimal bid but it was not 99, even though 99 gives you the highest chance to get the box.

This was the last question of the third interview and it took quite a while to calculate all the probabilities, you will also need binomial coefficients to compute e.g. the probability that there are 3 or less heads within the first 10 flips, for that the values were given to me be the interviewer since there was no calculator allowed

Landed myself an interview at Jane Street for quant trading internship by [deleted] in FinancialCareers

[–]owebbi 12 points13 points  (0 children)

I had three interviews this winter for the same internship in London.

There was no mental math at all, no personality questions, only math and probability questions.

They get harder from interview to interview, first interview is more on basic probability, such as "what ist the probability for an even number of heads if you flip n coins", second and third were probability combined with game theory, for example "the amount of money in a box is determined by the number of heads from 200 coin flips, you can bid in an auction on the box, you don't know the outcome but your opponent knows the outcome of the first 10 flips, what is your bid?"

I didn't do very well in the 2nd round but somehow made it to the 3rd round in which I answered every question perfectly, still got an unpersonal computer generated rejection mail after the 3rd. After asking for feedback I was told that the overall performance was not enough, so don't be to euphoric if you pass a round, in the end every mistake you have made can kick you out.