Associate Interview Questions

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We're playing a game. Cards numbered from 1-10 are placed in a hat. Whatever card is drawn is the paid out amount. How much should I charge you to play this game (i.e. fair price)? If you can redraw by placing the first card back into the hat, what is the new price?
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Gold Associate

Interviewed at Susquehanna International Group

3.8
Mar 8, 2013

We're playing a game. Cards numbered from 1-10 are placed in a hat. Whatever card is drawn is the paid out amount. How much should I charge you to play this game (i.e. fair price)? If you can redraw by placing the first card back into the hat, what is the new price?

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