Losing to Win
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|Ivars Peterson (MathTrek)|
|Researchers have demonstrated that two games of chance, each guaranteed to give a player a predominance of losses in the long term, can add up to a winning outcome if the player alternates randomly between the two games. This striking new result in game theory is now called Parrondo's paradox, after its discoverer, Juan M. R. Parrondo, a physicist at the Universidad Complutense de Madrid in Spain.|
|Levels:||High School (9-12), College|
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