Capital Redistribution Brings Wealth by Parrondo's Paradox

Raul Toral

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arXiv · cond-mat/0206385

Capital Redistribution Brings Wealth by Parrondo's Paradox

Raul Toral

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Abstract

We present new versions of the Parrondo's paradox by which a losing game can be turned into winning by including a mechanism that allows redistribution of the capital amongst an ensemble of players. This shows that, for this particular class of games, redistribution of the capital is beneficial for everybody. The same conclusion arises when the redistribution goes from the richer players to the poorer.

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Raul Toral. 2002-06-20. Capital Redistribution Brings Wealth by Parrondo's Paradox. https://arxiv.org/abs/cond-mat/0206385

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