I might be completely dumb, but that would never happen.
After 6 years, set that year to zero. If the starting sums were even equal, then 2 would overcome, correct? However, the starting sum for 2 is even higher, so 2x is consistently higher. Does that make sense?
The coin toss question is also mostly psychological. It is an issue of self worth. I would ask for 100 + 1 for every set of tosses he wanted to play. No effort to cooperate should be in vain.
you're asking the dealer to pay you 100+1 to enter the game? but he would always lose at least 1, so why would he ever agree to the deal?
to be fair, you should ask the dealer for 50 (your expected *loss*) plus (maybe) a little compensation for your risk (if you are risk-averse). if you're risk-neutral it should be exactly 50.
I don't think this works. Race 1 may have all the top 5 horses already competing. However, you only consider the 2nd and 3rd place horses of this race.2) 7 races.
Hold 5 races, each with a different set of 5 horses. then race the winners (race #6). now number the initial 5 races 1 thru 5, according to the rankings of the horses in race #6. clearly the winner of race #1 is the overall winner. in race #7, race 2nd and 3rd places of race #1, 1st and 2nd places of race #2, and 1st place of race #3.
The following questions are said to be asked during an internship interview for a sales and trading role at London JPMorgan bank
1) I can pay you twice your money every two years, three times your money every three years or four times your money every four years. Which option do you choose and why?