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Title: Beyond Parrondo’s paradox
Authors: Shu, Jian-Jun
Wang, Qi-Wen
Keywords: DRNTU::Engineering::Mechanical engineering
Issue Date: 2014
Source: Shu, J.-J., & Wang, Q.-W. (2014). Beyond Parrondo's Paradox. Scientific Reports, 4, 4244-.
Series/Report no.: Scientific reports
Abstract: The Parrondo's paradox is a counterintuitive phenomenon where individually-losing strategies can be combined in producing a winning expectation. In this paper, the issues surrounding the Parrondo's paradox are investigated. The focus is lying on testifying whether the same paradoxical effect can be reproduced by using a simple capital dependent game. The paradoxical effect generated by the Parrondo's paradox can be explained by placing all the parameters in one probability space. Based on this framework, it is able to generate other possible paradoxical effects by manipulating the parameters in the probability space.
ISSN: 2045-2322
Rights: This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported license. To view a copy of this license, visit
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:MAE Journal Articles

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