Market Taking – EV Card Game

Difficulties

Difficulty-dependent Settings

Number of Cards

3 cards

Rounds

3 rounds

Time to answer

60 seconds

How long should the cards be visible

2 seconds

Market Events

Adjustable Settings

Show the expected value as a hint *Playing with this hint your score will not be added to the leaderboard.

Ace value

Place cards back in deck

Show balance

Your Statistics

Below you find an example with dummy data of what your quiz statistics would look like. Sign up to track your own scores!

Explanation

Participate in a card-based expected value game often encountered in trading interviews. Practice with the typical questions and scenarios you might face in your upcoming trading interview. In this game, you’ll be the market taker.

Start with 500 points and a full deck of cards. Each card has a specific point value: numbers are worth their face value, so a 4 is worth 4 points, King equals 13 points and Ace 14 points.

How to Play

  1. Initial Setup
    Three cards are dealt face-down on the table each round.
  2. Offer to trade
    The game will present a market for the sum of the cards’ face values, not necessarily the expected value.
  3. Buy or Sell
    Calculate your expected sum and decide whether to buy (expecting a higher sum) or sell (expecting a lower sum).
  4. Reveal Cards
    The cards will be revealed for a customizable X seconds, and then turned face-down again.
  5. Profit/Loss
    Compute your actual profit or loss and submit it.

Example

  • Game’s presented value: 21
  • Your calculated expected value: 24
  • Since 24 is higher than 21, you decide to buy
  • Actual card values: {4, 10, 6} (Sum: 20)
  • Profit/Loss: -1 (because you bought at 21)

Scoring

  • Correct Profit: Added to your total points.
  • Correct Loss: Subtracted from your total points.
  • Incorrect Profit: No change in total points.
  • Incorrect Loss: Double the loss is subtracted from your total.