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Five Rings

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Five Rings is a proprietary quantitative trading firm that uses data-driven models and technology to trade in global financial markets. It is known for its focus on statistical analysis, quantitative research, and high-performance trading systems.

1 interview note · updated Jul 2026

Five Rings·Data Scientist·Technical Phone Screen

Jun 2026
Five Rings data scientist interview, all probability and statistics, coin problems back to back. Pretty brutal if your Bayesian intuition is rusty.
  • You repeatedly toss a fair coin. What is the probability that the pattern HHH appears before the pattern THH?
  • You toss a fair coin 15 times. What is the expected length of the longest consecutive run of heads?
  • A coin has an unknown heads probability θ with prior density proportional to θ^3 on [0,1]. After observing 4 heads in 4 tosses, what is the posterior distribution of θ?

“This one tripped me up more than it should have.”

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