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While working on the interplay between thermodynamics and info hypothesis, scientist Juan Parrondo realized that a system of losing games could really produce a winning outcome. And it is not just by playing them in a highly-strategic way; it is even viable for two ensured dorks to generate a victor when played arbitrarily.
At the heart of that counterintuitive determination is a test of our comprehending of probability and relationships between events. From the easiest money-based games and coin flip episodes to theoretical perpetual motion machines like the Brownian ratchet and flashing Brownian ratchet, Parrondo’s Paradox investigates elements of game theory that are motivating research in fields like biogenetics, finance, and evolutionary biology.
*** SOURCES ***
Derek Abbot, Peter Taylor, and Juan Parrando, “Parrondo’s Paradoxical Games and the Discrete Brownian Ratchet”
Stan Wagon’s Parrondo Paradox Demonstration
Abhijit Kar Gupta and Sourabh Banerjee, “Parrondo’s Paradox: New Results and New Ideas”
New York Times, “Paradox In Game Theory: Losing Strategy That Wins”
S. N. Ethier and Jiyeon Lee, “The flashing Brownian ratchet and Parrondo’s paradox”
Andrew Gelman and Deborah Nolan, “You can load a die but you can not prejudice a coin”
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Huge Thanks To Paula Lieber
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