Parrondo’s paradox and complementary Parrondo processes
Parrondo’s Paradox has gained a fair amount of attention due to it being counter-intuitive. Given two stochastic processes, both of which are losing in nature, it is possible to have an overall net increase in capital by periodically or randomly alternating between the two processes. In this paper, we analyze the paradox with a different approach, in which we start with one process and seek to derive its complementary process. We will also state the conditions required for this to occur. Possible applications of our results include the development of future models based on the paradox.
Volume (Year): 392 (2013)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Flitney, A.P. & Ng, J. & Abbott, D., 2002. "Quantum Parrondo's games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 314(1), pages 35-42.
- N. Masuda & N. Konno, 2004. "Subcritical behavior in the alternating supercritical Domany-Kinzel dynamics," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 40(3), pages 313-319, August.
- Flitney, A.P. & Abbott, D., 2003. "Quantum models of Parrondo's games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 152-156.
When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:392:y:2013:i:1:p:17-26. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.