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American Physical Society, Physical Review Letters, 24(85), p. 5226-5229

DOI: 10.1103/physrevlett.85.5226

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New paradoxical games based on Brownian ratchets

Journal article published in 2000 by Juan M. R. Parrondo ORCID, Gregory P. Harmer, Derek Abbott
This paper is available in a repository.
This paper is available in a repository.

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Abstract

Based on Brownian ratchets, a counter-intuitive phenomenon has recently emerged -- namely, that two losing games can yield, when combined, a paradoxical tendency to win. A restriction of this phenomenon is that the rules depend on the current capital of the player. Here we present new games where all the rules depend only on the history of the game and not on the capital. This new history-dependent structure significantly increases the parameter space for which the effect operates. ; Comment: 4 pages, 3 eps figures, revtex