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Losing to Win

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Visit this site: http://www.maa.org/mathland/mathtrek_3_6_00.html

Author:Ivars Peterson (MathTrek)
Description: 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
Languages: English
Resource Types: Articles
Math Topics: Probability

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