Baruch MFE Baruch MFE Facebook Contest

[dstefan]

Question 6 posted. Note that you have 15 minutes to post the correct solution for 2 points.

 

[dstefan]

Question 6:

Your favorite team (e.g., NYY) is in a best three out of five series (plays another team until one of the teams is up 3-0, or 3-1, or 3-2). You want to find a betting strategy to end up with $100 if NYY wins the series, and with $0 else.


Assuming the probability for each team to win any game is 50%, how should you bet on the first game?

 

[dstefan]

2 points for answer by 12:25pm. final extension

 

[dstefan]

see attached for the solutions to question 6; thank you, Devdeep, for creating the picture.

 

[dstefan]

Sixth Day Results:
Devdeep Sarkar 3 points
Brad Warren 3 points
Jie Fu 0 points
Ashwani Singh 0 points

 

[dstefan]

Final Standings:


Winner: Brad Warren 10 points
Second Place: Devdeep Sarkar 9 points
Third Place: Ashwani Singh 7 points
Alex Hawat 3.5 points
Hila Fogel Yaari 1 points
Jie Fu 1 point
Rishabh Parakh 1 point
Alexei Smirnov 1 point

 

[dstefan]

Congratulations, Brad!!! Also, well done Devdeep and Ashwani!

Thank you to everyone who participated in our contest. I hope you learned quite a bit as well by attempting to solve the questions, all of them actual interview questions.

Brad, Devdeep, Ashwani - contact us at baruch.mfe@gmail.com to coordinate on the prizes

 

[Devdeep]

see attached for the solutions to question 6; thank you, Devdeep, for creating the picture.

My Pleasure! Thank you very much for the stimulating questions. It was a lot of fun...

 

[Joy Pathak]

Congratulations to the winner!

 

[ashwani]

Good fun

 

[Brad Warren]

Thanks for holding the contest. I had fun.

 

[ashwani]

Got my copy today. Thanks a lot Dan.

 

[dstefan]

Congratulations again!