How strong can the Parrondo effect be?
arXiv:1901.08257
Abstract
If the parameters of the original Parrondo games and are allowed to be arbitrary, subject to a fairness constraint, and if the two (fair) games and are played in an arbitrary periodic sequence, then the rate of profit can not only be positive, it can be arbitrarily close to 1 (i.e., 100%).
20 pages, 3 figures