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Digital Dice by Paul J. Nahin

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14. Parrondo’s Paradox

“Two wrongs don’t make a right” is an old saying parents are fond of telling their children, And it’s probably true, in a general sort of way, but there can be exceptions. Consider, for example, the following....

Here’s another gambling problem based on coin flipping. While Problem 4 dated from 1941, this one is of much more recent vintage and is at least as challenging. It is, in fact, downright mystifying! Imagine that we have two games, called A and B, both based on flipping coins. Game A is quite easy to understand: ...

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