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={Ora E. Percus and Jerome K. 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… 
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