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Parrondo Paradox

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Parrondo's paradox, a paradox in game theory, has been described as: A combination of losing strategies becomes a winning strategy. It is named after its creator, Juan Parrondo, who discovered the paradox in 1996. A more explanatory description is:There exist pairs of games, each with a higher probability of losing than winning, for which it is possible to construct a winning strategy by playing the games alternately.

Articles and Essays

Paradox in Game Theory: Losing Strategy That Wins - The New York Times

nytimes.com

Code

Simulation of Parrondo's Paradox · GitHub

gist.github.com

Interactives and Explorables

The Parrondo Paradox - Wolfram Demonstrations Project

demonstrations.wolfram.com

Research Papers

The flashing Brownian ratchet and Parrondo's paradox

royalsocietypublishing.org

(PDF) Parrondo's Paradoxical Games and the Discrete Brownian Ratchet | Derek Abbott - Academia.edu

academia.edu

[1410.0485] Brownian motion and gambling: from ratchets to paradoxical games

arxiv.org

Parrondo’s Paradox: New results and new ideas

arxiv.org

Videos and Films

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The Game You Win By Losing (Parrondo's Paradox)

youtube.com