In Sparks' temporary jaunt to the city of sin, I am left to think about what he might find amusing to read whilst in a boring conference session (read: lapdance). This article posits some math questions that Larry Summers had to answer when up for a post at some schmancy hedge fund, presumably to make sure he could add and subtract without a calculator. Hosers, when I thought about "What Would Sparks Post?" this landed like manna from heaven.
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From the article in Slate (don't click on the link if you want to puzzle through your answers first).
Ten people are bidding on a stock at 90, while 100 people are offering to sell it at 91. What price is the next trade?
There's a dollar on the table. I'm going to flip a coin. If it comes up heads, I'll double the money. If it comes up heads again, I'll double it again. Whenever it comes up tails, we stop.
But there's a catch: You have to pay a fee to play. How much are you willing to pay?
P.S. Would do the collapsible post, but really cannot figure it out. Seems obvious, and yet...would that I had not deleted all those emails explaining how to do it. (Editor Note: Why didn't you just ask me? - Rocky)
Tuesday, April 07, 2009
WWSP?
Posted by Catjjy at 12:38 PM
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