Understanding Parrondo's Paradox: When Two Wrongs Make a Right.
Parrondo's Paradox is a concept from game theory that demonstrates how a combination of losing strategies can ultimately become a winner. It originated from a thought experiment known as the Brownian ratchet, which is a tiny device that can convert heat into mechanical work without losing thermal energy. The paradox has been applied successfully in various fields, including investment advice, quantum computing, and evolution. It may even hold the key to understanding life itself.