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- Oct 18, 2017

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Imagine that there are three types of gift cards.

Card Type A costs $500. This card has a 1/500 chance of having a balance of $50,000 and a 499/500 chance of having only $450 in it.

Card Type B costs $50. It has a 1/5 chance of containing $150, a 1/5 chance of containing $50, and a 3/5 chance of having a balance of only $25.

Card Type C costs $5 and always has a balance of $5.

**Part A:**

You have $1,000 to spend. How would you break down your purchases?

**Part B:**

Assuming that you’ve won $100,000 by purchasing two Type A gift cards, how would you use this money?

In Part A, are they expecting me to be analytical and calculate the best possible solution, or are they testing how much of a risk-taker I am? In Part B, are they testing whether I'm altruistic or selfish?