Jane Street

Interview Question

Quantitative Trader Interview
Jane Street

You and your opponent play a coin-flipping game. If the first player flips heads, the second player pays him $30. If the first player flips tails, the coin passes to the second player, who then flips. If the second player flips heads, he wins $30 from the first player. This process continues. How much should you pay to go first?

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