What are the applications of “Parrondos paradox?
In a sense this is the wrong question. It is akin to asking what the applications of “Simpson’s paradox” or “Olber’s paradox” are. Study of apparent paradoxes, such as these and that of Parrondo, give us an interesting starting point when examining various natural phenomena. Parrondo’s games in their original set-up form a toy model that maps directly onto a flashing ratchet. Toy models don’t necessarily directly map exactly onto any real system. What they are mainly about is the underlying physical principles. In physics, the phrase “toy model” is a technical phrase used to describe a highly simplified system that doesn’t necessarily structurally map onto a particular physical system, but the behaviour it possesses does map onto real physical phenomena. A toy model is one that is sufficiently simplified, that we can use it to understand more complex systems. In the case of Parrondo’s games, there are many concepts such as (i) convex linear combinations, (ii) feedback, (iii) noise-indu
