Back to Interview Games
Card Market-Making
Market-MakingHard
25 min
45 pts
Description
Trade face-up/down cards. Balance spread, size, and risk as information reveals.
Game Rules
You're a market maker trading cards. Some cards are face-up (known), some face-down (unknown). Quote bid/ask spreads and manage inventory as information is revealed.
Examples
Widen spread for unknown cards
Narrow spread as information reveals
Manage inventory risk
Hints
Adjust spreads based on information
Consider adverse selection
Solution (Click to reveal)
Dynamic pricing based on information. Wide spreads for uncertainty, narrow as information improves. Manage adverse selection.