Journal
ADVANCED SCIENCE
Volume 7, Issue 24, Pages -Publisher
WILEY
DOI: 10.1002/advs.202001126
Keywords
analytical methods; Brownian ratchets; game theory; generalized solutions; noise; non‐ linear dynamics; Parrondo' s paradox
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Funding
- Singapore University of Technology and Design [SRG SCI 2019 142]
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In game theory, Parrondo's paradox describes the possibility of achieving winning outcomes by alternating between losing strategies. The framework had been conceptualized from a physical phenomenon termed flashing Brownian ratchets, but has since been useful in understanding a broad range of phenomena in the physical and life sciences, including the behavior of ecological systems and evolutionary trends. A minimal representation of the paradox is that of a pair of games played in random order; unfortunately, closed-form solutions general in all parameters remain elusive. Here, we present explicit solutions for capital statistics and outcome conditions for a generalized game pair. The methodology is general and can be applied to the development of analytical methods across ratchet-type models, and of Parrondo's paradox in general, which have wide-ranging applications across physical and biological systems.
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