Can Two Wrongs Make a Right? Coin-Tossing Games and Parrondo’s Paradox
@article{Percus2002CanTW, title={Can Two Wrongs Make a Right? Coin-Tossing Games and Parrondo’s Paradox}, author={O. E. Percus and J. Percus}, journal={The Mathematical Intelligencer}, year={2002}, volume={24}, pages={68-72} }
Background On frequent occasions, a logical oddity comes along, which attracts a sizeable audience. One of the most recent is known as Parrondo's paradox [5, 6]. Briefly, it is the observation that random selection (or merely alternation) of the playing of two asymptotically losing games* can result in a winning game. Conceptually similar situations involving only the processing of statistical data are not novel. What has been referred to as Simpson's paradox [8] is typified by this scenario… CONTINUE READING
16 Citations
Discrete–time ratchets, the Fokker–Planck equation and Parrondo's paradox
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