<t>QuoteOriginally posted by: bluetrinI am not very familiar with Hold'em, but the flop is shared between you and the other player, isn't it ?So basically 2 more cards will be dealt (in the turn and river) and you ask the probability of having at least 1 more heart if the other player did not have a...

<t>Hi,You have AK of hearts, the flop shows two more hearts (say 2 and 10), what is the probability that you hit the flush if there only 2 players at the table (you and somebody else).I was thinking 9/45+9/44 (I either get another heart on the turn or on the river), but it is about 40% and it looks ...

Makes sense... thanks guys.

<t>I know how to solve this problem using Markov Chain and I get 8.However, I'm trying to solve it using expected values, and I can't get it...If I were to look for HHH, I would do it this wayLet X=expected number of tosses to get HHHX=(1/8)*3+1/8*(3+X)+1/2*(1+X)+1/4*(2+X) And, I would get 14....Now...

<t>QuoteOriginally posted by: UltravioletQuoteOriginally posted by: katastrofawhere F_n is the Fibbonacci series (F_0 = 0, F_1 = 1, ...).Yup, it has a structure of a Fibonacci sequence: P(n) = 1/2 P(n-1) + 1/2 * 1/2 P(n-2) for n >2, P(2) = 1/4, P(1) = 0+ 50 XP, katastrofa, but you've lost karma for ...

I know that on average it takes 6 tosses (fair coin) to get 2 heads in a row... Is it possible to find the probability that we toss HH in 10 tosses? Thanks.

<t>QuoteOriginally posted by: bearishIf you think in terms of marking your position to a mid price, then you pay half the bid/ask spread in transaction cost when you enter and half when you exit. Additionally, you will probably pay a broker commission on each transaction.Got it, thanks for your help...

<t>QuoteOriginally posted by: daveangelyou do not need to pay anything. you will be required to post an initial margin and then variation margin for mark to market.Oh okay, got it... it makes sense to me now...Let me ask a follow up question, I enter a position, I need to pay $X transaction costs, r...

<t>Hi,Say I trade only using daily settlement prices, say the price today is 100 points on the 5yr US Treasury Future Note. How much will I need to pay now to own 1 contract? do I pay 100 bucks? or maybe 100*1000= 100,000? or even the difference between the face and the current price of the contract...

anybody?

QuoteOriginally posted by: bluetrinWhich books do you have ?Heard on the streetQuant job interview- JoshiFrequently asked questions in quant finance- Paul WilmottA practical Guide to quantitative finance interviews- Xinfeng Zhou

<t>Hi,I'm going to take the exam next week and I was wondering how to prepare for the Economics/Finance questions.I heard that these questions can get very tricky. I have all of the 4 books on quant interview questions, but they don't seem to cover these areas extensively. Do you know of any online ...

thank you guys for your inputs.

<t>I have the test next week, you guys know how to study for the finance/economics questions?I heard these questions with futures/forwards or simple pricing questions can be very very tricky... any recommendation for a source to solve some of those questions? I was thinking to do some CFA sample que...

<t>I'm preparing for a quant desk interview with a fixed income desk (securitized products), what kind of questions should I do to prepare? I'm going over, bond questions, regular brainteasers, basic programming, pricing fixed income instruments... I don't know if I should touch stochastic calculus ...