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

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  • Cheong, Kang Hao
  • Soo, Wayne Wah Ming

Abstract

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.

Suggested Citation

  • Cheong, Kang Hao & Soo, Wayne Wah Ming, 2013. "Construction of novel stochastic matrices for analysis of Parrondo’s paradox," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(20), pages 4727-4738.
    • Handle: RePEc:eee:phsmap:v:392:y:2013:i:20:p:4727-4738
    DOI: 10.1016/j.physa.2013.05.048
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    References listed on IDEAS

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    1. Wang, Lu & Zhu, Yong-fei & Ye, Ye & Meng, Rui & Xie, Neng-gang, 2012. "The coupling effect of the process sequence and the parity of the initial capital on Parrondo’s games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(21), pages 5197-5207.
    2. Flitney, A.P. & Abbott, D., 2003. "Quantum models of Parrondo's games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 152-156.
    3. Soo, Wayne Wah Ming & Cheong, Kang Hao, 2013. "Parrondo’s paradox and complementary Parrondo processes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(1), pages 17-26.
    4. Flitney, A.P. & Ng, J. & Abbott, D., 2002. "Quantum Parrondo's games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 314(1), pages 35-42.
    5. N. Masuda & N. Konno, 2004. "Subcritical behavior in the alternating supercritical Domany-Kinzel dynamics," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 40(3), pages 313-319, August.
    6. Fudenberg, Drew & Imhof, LA, 2012. "Phenotype Switching and Mutations in Random Environments," Scholarly Articles 11005332, Harvard University Department of Economics.
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    Cited by:

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    3. Ejlali, Nasim & Pezeshk, Hamid & Chaubey, Yogendra P. & Sadeghi, Mehdi & Ebrahimi, Ali & Nowzari-Dalini, Abbas, 2020. "Parrondo’s paradox for games with three players and its potential application in combination therapy for type II diabetes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 556(C).

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