Capital Redistribution Brings Wealth by Parrondo's Paradox

Volume: 02, Issue: 04
Published: Jun 20, 2002
Abstract
We present new versions of the Parrondo's paradox by which a losing game can be turned into winning by including a mechanism that allows redistribution of the capital amongst an ensemble of players. This shows that, for this particular class of games, redistribution of the capital is beneficial for everybody. The same conclusion arises when the redistribution goes from the richer players to the...
Paper Details
Title
Capital Redistribution Brings Wealth by Parrondo's Paradox
Published Date
Jun 20, 2002
Volume
02
Issue
04
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