How strong can the Parrondo effect be? II
Abstract
Parrondo's coin-tossing games comprise two games, and . The result of game is determined by the toss of a fair coin. The result of game is determined by the toss of a -coin if capital is a multiple of , and by the toss of a -coin otherwise. In either game, the player wins one unit with heads and loses one unit with tails. Game is fair if . In a previous paper we showed that, if the parameters of game , namely , , and , are allowed to be arbitrary, subject to the fairness constraint, and if the two (fair) games and are played in an arbitrary periodic sequence, then the rate of profit can not only be positive (the so-called Parrondo effect), but also be arbitrarily close to 1 (i.e., 100%). Here we prove the same conclusion for a random sequence of the two games instead of a periodic one, that is, at each turn game is played with probability and game is played otherwise, where is arbitrary.
Cite
@article{arxiv.2001.00291,
title = {How strong can the Parrondo effect be? II},
author = {S. N. Ethier and Jiyeon Lee},
journal= {arXiv preprint arXiv:2001.00291},
year = {2020}
}
Comments
12 pages