Proof of a conjecture about Parrondo's paradox for two-armed slot machines

Huaijin Liang; Zengjing Chen

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arXiv · 2310.08935

Proof of a conjecture about Parrondo's paradox for two-armed slot machines

Huaijin Liang·Zengjing Chen

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Abstract

The 1936 Mills Futurity slot machine had the feature that, if a player loses 10 times in a row, the 10 lost coins are returned. Ethier and Lee (2010) studied a generalized version of this machine, with 10 replaced by deterministic parameter J. They established the Parrondo effect for a hypothetical two-armed machine with the Futurity award. Specifically, arm A and arm B, played individually, are asymptotically fair, but when alternated ran-domly (the so-called random mixture strategy), the casino makes money in the long run. They also considered the nonrandom periodic pattern strategy for patterns with r As and s Bs (e.g., ABABB if r = 2 and s = 3). They established the Parrondo effect if r + s divides J, and conjectured it in four other situations, including the case J = 2 with r >= 1 and s >= 1. We prove the conjecture in the latter case.

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Huaijin Liang, Zengjing Chen. 2023-10-13. Proof of a conjecture about Parrondo's paradox for two-armed slot machines. https://arxiv.org/abs/2310.08935

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