Jane Street

Interview Question

Quantitative Researcher Interview
Jane Street

There are 100 coins, each flipped and the results are hidden. You can ask one yes/no question, after which you must guess the outcome of each coin flip. For each correct guess, you earn 1 dollar; for each incorrect guess, you lose 1 dollar. What is the optimal strategy for maximizing your expected return, and what is the maximum expected value?

Unlock the Full Solution

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

Insights on 100+ quant firms, understand where to apply, and maximize your chances.

Get the official 2025 QB Quant Firm Tier List

Check your email inbox — you should get the interview in 1-2 minutes!