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I think the calculation you often see is the complement of not flopping a set, that is 1 - (48/50)*(47/49)*(46/48) So yes this would include FH/quads

Thank you, you've said it better than I would have myself.

Lol.. Have you been to china lately?

It should be pointed out the person that Time selects rarely coincides with the top vote-getter in the Internet poll, so this is not a one-time switch that they made.

http://www.leveragedsellout.com/2005/09/the-boutique/ Just in jest

The trade 2 win calculation is correct, I am pretty sure that is what Wilmott must have meant also.

It appears they are talking about taking advantage of the broker's "auto-ex" feature. It's not really as clever as some of the articles make it sound. Google it, people have done in this same thing in the US 10 years ago.

People everywhere tell stories about particularly bad interviews. Goldman is certainly not an exception!

I could be wrong but I think S&P keeps this pretty locked down. (ie not free)

1) Agree with what others have said. Focus on one thing first, once you have strong programming fundamentals picking up other languages will be easier. You could potentially need any of the other languages listed at some point. 2) Use Visual Studio if you're doing Windows. Once you get...

If you can't get to the point where 790-800 is possible after a few hours of practice tests, don't bother.

The weird thing is that it happened in 97, she said something in 99, and now it's a lawsuit in 2010?

I have friends that work at SIG and have worked with the company professionally (as a software vendor). You don't have the profile they are looking for. Also like others have said anyone can win one tournament (see: Jerry Yang). The 100R on Stars is one of the toughest games on the net and I...

Sounds like a poker player :)

HFT Crop Circles I don't think I've seen this posted here before, this is an interesting look into some of the things that go wrong with these HFT algos. It's also a bunch of pretty pictures. http://www.nanex.net/FlashCrash/CCircleDay.html

Excel can plot a 3d surface, can be annoying to set up though. As for freeware, you could try Octave. (GNU project, similar in functionality to Matlab).

Not much of a stretch really

I scored 100% on that distraction test yet... I'm still paranoid.

+1 on Digweed.. also like High Contrast and London Elektricity a lot in the Dnb space

Keep in mind York is a pretty healthy walk to the subway. You might be better off taking the bus from there... in either case most of the banks are on Park, Lexington so you will have to walk the 3-4 avenues over.

LCD Soundsystem - This Is Happening Black Moth Super Rainbow - Dandelion Gum The New Pornographers - Together Neko Case - Middle Cyclone MGMT - Congratulations Miike Snow - Miike Snow Fleet Foxes - Fleet Foxes Pearl Jam - Vitalogy Billy Joel - various

I'd take another look at it mine ran in 0.01 seconds (in python)

Really depends on the apartment, but if they are similar in quality then Riverside and it's not even close. Comparison: Riverside has Riverside park and the boat basin right outside your door, a wide selection of grocery stores on broadway, and slightly easier access to the subway. 90th...

just had a play with this.. very nice

Have you considered computer science at all? Would be kind of useful for doing anything "computer-driven". (I know a lot of schools offer that as part of their engineering school, I'm not sure why you're averse to being in that department). At any rate I would just find a field that...

Also a bit of an aside, Am I reading their bit on residence units correctly? It sounds like they are really screwing part-time students with that setup.

I'll admit that C was my first programming language but I don't really see the value in it if you want to learn C++. It's a different kind of thinking.

You can start with C++, you don't have to start with C.

I would probably consider Boston to be on par if not bigger than San Fran as a financial hub... there are a lot of buyside firms there and throughout New England. Also disagree that there isn't much academic research published in this field. See for just a few examples...

Better than Jack Black futures

I don't think either school is a big target for IB as its normally defined so I don't see a reason to switch? It's a stretch to lump IB/PE with quantitative finance so this is probably not the best board for this question.

Not much, most likely. Gmail is still available. Google itself is still available, it just isn't localized to mainland China anymore. If you try to bring up Google now in mainland China it redirects you to google.com.hk. (Try it.. type www.google.com.cn) I was in Beijing in January and the...

I've known people who majored in dramatic writing and became banking analysts.. you mostly have to prove that you're intelligent but more importantly motivated, which is because at the entry level the job is mostly about endurance, not being clever. Recruitment is usually through your school...

just start by saying bool isValid = 1; ... series of tests, set isValid to 0 if any fail ... return isValid; Some common test ideas, some may or may not be applicable depending on exactly what your doing. I'm also assuming you're using USD by default. Is it numeric? Is it positive...

Well, I just used signed integers in C++ as an example, since they're easy to work with and understand. I think the way Dominic states the problem that he means it is "closed', i.e. if I have N numbers of type x, their product should also be type x, and I can't use some other larger type as a...

This seems like the best solution to me so far, I think other people are ignoring that the numbers usually wrap around so doing a comparison to the max will not be meaningful. I implemented it for n numbers here. (Recall the use of the vector constructor here means 5 copies of each number...

I guess I don't fully understand your problem but sounds like a simple vlookup?

Do you have a syllabus for it? It seems like the course might be biting off more than you can chew if you don't understand object oriented programming to some extent already (which can take some time).

featips-- this is a crappy CSV Reader class I wrote a while ago to do something quickly using all textual data. I don't claim that this is well-written, robust code or anything, but it worked for what i was doing. You will need to determine how you want to handle text/numerical columns but...

Was there anything about R or programming in the interview for this job? Just curious what exactly was being interviewed for, the description of the position seemed vague. Still seems like a low-level assistant role, something typically you don't need an MS, or even a really good BS, for.

"and those who can't teach, teach gym"

This sounds like the salary of a clerk/assistant. At least, that is what a friend of mine was paid when starting out (at a legitimate shop, one you've probably heard of). The % of people who make it from there to being a full-on trader is very low, although the rewards can be significant if you...

Most GUIs do not require that kind of fine-tuning so are done in "easier" languages like C#, VB, or Java, in a Windows environment. If needed the heavy lifting will be done on a UNIX server (mostly Sun Solaris or Linux) using C++. I would not get too hung up on learning how to code GUIs in C++.

Bought this book yesterday, currently a few chapters in. Lots of talk about gambling so far, an interesting start. Will share my further thoughts when I finish it.

Do you have a more in depth description of the position? To be honest, most "summer analyst" type positions aren't that interesting or glamorous, they're there to get a good name on your resume and get used to working in a corporate environment. In any case, try to find that out and if you...

China executes rogue trader BEIJING (Reuters) – China on Tuesday executed a former securities trader for embezzlement, the first person in the industry to be put to death, but millions of yuan are still missing, a state newspaper said. Yang Yanming was sentenced to death in late 2005 and took...

Mr. IlyaKEightSix, It seems that indeed, the Rutgers MSMF is not a very good program. Please find attached a screen cap from Poly MFE job portal website. Regards, Fakirchand Bhanderchod MS Risk and Finance Engineering, '10

Probably quantlib or something proprietary/obscure. Try installing the boost library and getting familiar with it, then give quantlib a go. (I haven't read the link but I'm pretty sure it's the "original" that was ported to Java in the OP).

Robert Almgren is pretty much the Michael jordan of market impact research, google for it. This is also pretty good: http://www.dbquant.com/Presentations/Berlin200812.pdf A lot of firms provide a model but keep the nuts and bolts of it secret, and it's very subjective anyway. One person...

They are starting to measure in microseconds recently.

Watching that "wall street veteran" try to explain what an option was was painful.

100K is more than enough to "just survive" in NYC if you don't have a family. It's actually plenty if you live in an outer borough or Jersey/upstate, which most people end up doing anyway unless you are very wealthy.

30-70k looks right to me, if we're talking about a 1st year analyst (out of undergrad) working in something like M&A, which is usually what someone is referring to when they say IBD. I agree with what everyone else said, it's largely how your department is viewed. Generally, tech is not...

They will probably expect you to be familiar with make files, among other things. (i.e. how can you tie together and compile a large number of .cpp files using the command lines). I'd suggest getting the vmware player (free) and an ubuntu linux install (I found it to be fast/painless). You...

But that is the issue here, at least with the argument you were trying to make. People don't care what Google employees get paid because they provide a tangible service that the average person understands and benefits from. People (for the most part) don't hate Google. They aren't seen as a...

Come on, seriously? This sounds like it was written by Rush Limbaugh. The average person (in the US, anyway) has used Google or gmail, and appreciates their products. Not to mention they give away most of their services for free. On the other hand, the average person doesn't have an...

It might be OK in some cases, not in others. Make sure to read the application form carefully, some places are very specific that they are looking for statements about your technical ability, not for character references.

Your view is too narrow. Pretty much every major investment bank has a dedicated quant group, and quantitative methods are used in a ton of other places (mutual funds, software companies, ratings agencies, and so on).

An audio interview with Bill Chen, pro poker player and quant at Susquehanna International Group. He talks quite a bit about his workplace and his views on the connection between trading and (educated) gambling. Two Plus Two Pokercast Browsing (Starts at about 37 minutes).

1) They're alphabetically ordered. 2) I doubt the curriculum at Rutgers varies that drastically from the other schools in the list. Some will put more emphasis on math, finance, or computing than others but that is about it. Incidentally many professors I have met in math and finance have a...

The Grimmett book starts out using set theory applied to probability but once you get to continuous random variables it's mostly calculus. If you're concerned about MFE requirements I think they're usually just saying they want your understanding of probability to be beyond the basic...

My favorite probability book is "Probability and Random Processes" by Grimmett and Stirzaker. Some people consider this book to be "advanced" but I don't think it is that bad if you are comfortable with calculus, mathematical notation, etc. The exercises are non-trivial and they admit as...

Scot, Have you tried targetting any specific programs? Your approach so far seems good-- brainstorm and consider all possibilities. I think you will be able to greatly simplify the pile of decisions you have in front of you by looking at specific programs and understanding what they expect...

CGiuliano, It probably makes sense to prep for the test closer to your test date, remember you *did* learn all of the material on the test in high school but you probably forgot some of it because you haven't used it in a while. The same thing will happen again. I did the prep that I...

Obviously different things work for different people, but I will share my experience (I scored an 800Q on my first attempt). The best strategy is an iterative process where you do a practice test, and then review what you got right/wrong. So jump right in, and do a test, putting a star next...

I think it looks pretty grim to be honest. Look at the desired student profiles for the programs you are targeting; you don't match them. I'd probably consider getting a second BS in Math or Computer Science at the rate you're going, and get a 3.5 GPA there while you're at it. The...