Parrondo’s paradox demonstrates that two losing stochastic games can be combined to produce a winning expectation.
Game A is a simple biased coin toss with winning probability p_A < 0.5, while Game B switches between two coins depending on the player's capital parity, each also losing when played alone.
When the games are alternated with mixing proportion Ξ±, the overall winning probability can exceed 0.5, defying intuition.
What is Parrondo’s paradox?
How do I input the probabilities for Game A and Game B?
What does the mixing proportion Ξ± represent?
Can I use this calculator to determine if my games will always win?
What is the formula used in the calculator?
Results are for informational purposes only and do not constitute professional advice.
