no, the probablitly of a tail is only 50 %, there is no advantage
Fail this question you should give up trading
- Thread starter WallstYouth
- Start date
I would knock the guy over steal his quarter, bet on heads and make the coin come up heads. Isn't that what market makers do pretty much 
The answer is (according to Barry Greenstein the poker player):
1) Novice will say tail (Not necessarily true, I think Mark D. Cook would say tail too according to some of his material)
2) The mathematician will say there is no edge. The next flip of anything is 50:50 (independent events)
3) The experienced gambler will bet on head but never bet against the flipper because in the real world, it is likely something funny going on with that coin or the flipper.
1) Novice will say tail (Not necessarily true, I think Mark D. Cook would say tail too according to some of his material)
2) The mathematician will say there is no edge. The next flip of anything is 50:50 (independent events)
3) The experienced gambler will bet on head but never bet against the flipper because in the real world, it is likely something funny going on with that coin or the flipper.
Are we missing something here? Allegedly the question explicitly asked "how much distance the bird travels after an hour," yet simple reading of the question states that it in fact explicitly asked "how much miles will the bird cover back and forth between each car after 1 hour"
So it is indeed a "trick question" and the real question was actually stated in the first sentence "Very simple question yet so many recruits get it wrong why?"
The answer to the question [why?] is simply that the interview question is missing important information and therefore the recruits answer with what they think the interviewer would like to hear, rather than risk insulting the interviewer's intelligence by saying that that the question is indeed faulty.
His mom wanted to watch General Hospital so he had to put the Web TV down and take a break and have a cookie..