📕 FREE Guide2025 Quant Firm Tier List

Jane Street Interview Question

Jane StreetAssistant Trader Interview

You have a box filled with cash. Cash value is uniformly randomly distributed from 1 to 1000. You are trying to win the box in an auction: you win the box if you bid at least the value of the cash in the box; you win nothing if you bid less (but you lose nothing). If you win the box, you can resell it for 150% of its value. How much should you bid to maximize the expected value of your profit (resale of box minus bid)?

Unlock the Full Solution

Enter your email to get instant access to the complete solution, explanation, and similar practice problems.

Want to ace more quant interviews?

Get access to our comprehensive interview preparation course with hundreds of real interview questions, detailed solutions, and personalized mentorship from quants at top firms.

Start Your Prep Today