Please use this identifier to cite or link to this item:
|Scopus||Web of Science®||Altmetric|
|Title:||On Parrondo's paradox: How to construct unfair games by composing fair games|
|Citation:||The ANZIAM Journal, 2006; 47(PN Part 4):495-511|
|Publisher:||Australian Mathematical Society|
|E. S. Key, M. M. Klosek and D. Abbott|
|Abstract:||We construct games of chance from simpler games of chance. We show that it may happen that the simpler games of chance are fair or unfavourable to a player and yet the new combined game is favourable—this is a counter-intuitive phenomenon known as Parrondo's paradox. We observe that all of the games in question are random walks in periodic environments (RWPE) when viewed on the proper time scale. Consequently, we use RWPE techniques to derive conditions under which Parrondo's paradox occurs.|
|Description:||© Australian MS|
|Appears in Collections:||Electrical and Electronic Engineering publications|
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.