Last week a Citadel quant interview question went viral.
According to the post, candidates were given a ninety-second time limit with a $650,000 starting salary sitting on the other side of it.
Result: a 3% pass rate. So… as the math teacher that I am, it’s only natural for me to throw the question out to you: I watched thousands of smart people argue about it in the comments, and it made me think about something that has almost nothing to do with getting hired at a hedge fund and almost everything to do with investing and life: most of us are terrible at probability, and it can cost us.
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Episode 54: The Tuesday Boy & What a Viral Citadel Interview Question Teaches You About Money