Parrondo's Paradox¶

A fun hands-on example to understand Markov Models.

Introduction¶

Parrondo's paradox is a mind-blowing mental experiment in which the combination of two different losing games can become in a wining one. $$ L_{ose} + L_{ose} = W_{in}?$$

There's a lot of interesting literature around it. You can search for it in the internet, but I'll just explain the most simple example in terms of two games played with biased coins.