Construction of novel stochastic matrices for analysis of Parrondo’s paradox

In Parrondo’s paradox, a winning strategy is formed either by playing two losing games randomly or alternating them periodically. The paradox is commonly analyzed using stochastic matrices. In this paper, we modify the stochastic matrices to allow a more systematic introduction of bias into fair processes, while retaining the use of simple matrix operations throughout the analysis.

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Year of publication:	2013
Authors:	Cheong, Kang Hao ; Soo, Wayne Wah Ming
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 392.2013, 20, p. 4727-4738
Publisher:	Elsevier
Subject:	Parrondo’s paradox \| Transformation of stochastic matrices \| Win over loss concept

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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