How strong can the Parrondo effect be? II

DOI10.1090/CONM/774/15566MaRDI QIDQ5024698zbMATH OpenOpenAlexFDO

Authors Stewart N. Ethier, Jiyeon Lee

Publication date 27 January 2022

Published in Stochastic Processes and Functional Analysis (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/2001.00291

zbMATH Keywords

Parrondo gamesrandom walk on the \(n\)-cyclerate of profitstationary distributionstrong law of large numbers

Mathematics Subject Classification ID

Probabilistic games; gambling (91A60)

Abstract: Parrondo's coin-tossing games comprise two games, $A$ and $B$. The result of game $A$ is determined by the toss of a fair coin. The result of game $B$ is determined by the toss of a $p_0$-coin if capital is a multiple of $r$, and by the toss of a $p_1$-coin otherwise. In either game, the player wins one unit with heads and loses one unit with tails. Game $B$ is fair if $(1-p_0)(1-p_1{)}^{r-1}=p_0,p_1^{r-1}$. In a previous paper we showed that, if the parameters of game $B$, namely $r$, $p_0$, and $p_1$, are allowed to be arbitrary, subject to the fairness constraint, and if the two (fair) games $A$ and $B$ 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 $A$ is played with probability $gamma$ and game $B$ is played otherwise, where $gammain(0,1)$ is arbitrary.

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Cites work

• Basic properties of strong mixing conditions. A survey and some open questions
• How strong can the Parrondo effect be?
• Limit theorems for Parrondo's paradox
• Parrondo's paradox.

Cited in

(8)

• Limit theorems for Parrondo's paradox
• A discrete dynamical system for the greedy strategy at collective Parrondo games
• The solution of Parrondo's games with multi-step jumps
• Winning in sequential Parrondo games by players with short-term memory
• On Parrondo's paradox: how to construct unfair games by composing fair games
• Parrondo's paradox via redistribution of wealth
• How strong can the Parrondo effect be?
• Proof of a conjecture about Parrondo's paradox for two-armed slot machines

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