Emir U 7/30/2023

An optimal-stopping quant riddle

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The article presents a deep dive into solving a quantitative riddle: drawing from a deck of 26 red and 26 black cards for monetary reward, determining the optimal stopping rule to maximize expected payoff. It chronicles the author's analytical journey from first principles, using simplified examples and decision trees, to build intuition and arrive at a solution.

An optimal-stopping quant riddle

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