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Quant Interview Question

Quant Trading Intern Interview

You play a 100-round game: each round you can either roll a fair 20-sided die (uniform 1 to 20) or “lock in” the current face and collect that same reward for all remaining rounds. You must roll in the first round. What is your optimal stopping / locking strategy and expected value?

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Disclaimer: We are not affiliated with the company referenced in any way. This question is sourced from interviewees and public sources and may not be accurate or reflective of the company's actual interview process.