CAPITAL REDISTRIBUTION BRINGS WEALTH BY PARRONDO'S PARADOX-Reference-Cited by-同舟云学术

CAPITAL REDISTRIBUTION BRINGS WEALTH BY PARRONDO'S PARADOX

Published:2002-12 Issue:04 Volume:02 Page:L305-L311
ISSN:0219-4775
Container-title:Fluctuation and Noise Letters
language:en
Short-container-title:Fluct. Noise Lett.

Author:

TORAL RAÚL¹

Affiliation:

1. Instituto Mediterráneo de Estudios Avanzados, IMEDEA (CSIC-UIB), Campus UIB, 07071-Palma de Mallorca, Spain

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.

Publisher

World Scientific Pub Co Pte Lt

Subject

General Physics and Astronomy,General Mathematics

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219477502000907

Reference12 articles.

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