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- W2014261346 abstract "We present a modification of the so-called Parrondo's paradox where one is allowed to choose in each turn the game that a large number of individuals play. It turns out that, by choosing the game which gives the highest average earnings at each step, one ends up with systematic loses, whereas a periodic or random sequence of choices yields a steadily increase of the capital. An explanation of this behavior is given by noting that the short-range maximization of the returns is killing the goose that laid the golden eggs. A continuous model displaying similar features is analyzed using dynamic programming techniques from control theory." @default.
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- W2014261346 date "2003-08-01" @default.
- W2014261346 modified "2023-09-27" @default.
- W2014261346 title "Optimal strategies in collective Parrondo games" @default.
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- W2014261346 doi "https://doi.org/10.1209/epl/i2003-00461-5" @default.
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