The game you win by losing (Parrondo's Paradox)

While researching the interaction of thermodynamics and information theory, scientist Juan Parrondo discovered that a system of losing games could create a winning outcome. And it's not simply by playing them strategically; it's also feasible for two sure losers to produce a winner when played at random.

The test of our understanding of probability and the relationships between events is at the heart of that surprising result. From simple money-based games and coin flip scenarios to speculative perpetual motion devices such as the Brownian ratchet and flashing Brownian ratchet, Parrondo's Paradox delves into game theory features that are stimulating study.