⚡ Build the skills to land top-paying quant jobs. Offer ends in --d --h --m --s-- days -- hours -- minutes -- seconds.
⚡ Build the skills to land top-paying quant jobs. Offer ends in 19d 08h 36m 57s19 days 8 hours 36 minutes 57 seconds.
A new card game is available at a casino. It uses a well-shuffled deck of cards, half of which are red and half are black. The dealer will draw cards one by one, without returning them to the deck. You have the power to stop the game at any point (including before any card is drawn). Each time a red card is drawn, you win dollar, but if a black card is drawn, you lose dollar. Think about the best strategy for stopping the game to maximise your expected payoff.
What is your expected payoff under this optimal strategy, i.e. how much (in dollars) would you be willing to pay to play this game?