Parrondo's Paradox: some new results and new ideas

Parrondo's paradox is about a paradoxical game and gambling where two probabilistic losing games can be combined to form a winning game. While the counter intuitive game is interesting in itself, it can be thought of a discrete version of Brownian flashing ratchet which are employed to understand noise induced order. There are plenty of examples from physics to biology and social sciences where the stochastic thermal fluctuations actually help achieving positive movements. In our study, we study various combinations of losing games in order to understand how and how far the losing combinations result in winning. Further we devise an alternative model to study the similar paradox. The work reported here is mostly done through computer simulations.