Fluctuation and Noise Letters

  title={Fluctuation and Noise Letters},
  author={Ra{\'u}l Toral},
Parrondo’s paradox [1–4] shows that the combination of two losing strategies can lead to a winning result. The paradox can be phrased in terms of very simple gambling games in which some unit (say, 1 euro) is won or lost with a given probability. We can imagine that the games consist on tossing different biased coins and that a “capital” C(t) is built… CONTINUE READING