Guessing cards from a known pile
A pile holds aces and jacks. Cards are drawn one at a time without replacement; before each draw you guess its identity, earning $1 per correct guess. Playing optimally over all draws, what is your expected total earnings?
Show hints (2)+
- Optimal play: guess whichever type has more cards left. Set up .
- ; .
Answer
Reveal answer →Final answer
4.1 (± 0.02)
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Interview format: Market Maker, Hedge Fund Quant