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Reglan For Sale, On Saturday I attended a fundraiser poker tournament for non-profit organization called DEF (Decision Education Foundation). As it's name implies, they are dedicated to helping individuals become better decision makers via the education system. Their strategy is multifaceted, but their core goal at the moment is to introduce decision making explicitly into the curricula of primary and secondary schools around the country. To do this, they first educate the educators on the components and process of making good decisions.
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Parrondo’s paradox is the well-known counterintuitive situation where individually losing strategies or deleterious effects can combine to win…. Over the past ten years, a number of authors have pointed to the generality of Parrondian behavior, and many examples ranging from physics to population genetics have been reported. In its most general form, Parrondo’s paradox can occur where there is a nonlinear interaction of random behavior with an asymmetry, and can be mathematically understood in terms of a convex linear combination.
One of my new favorite pastimes is identifying real world scenarios that I think are examples of Parrondo’s Paradox (PP). Here are some from the world of poker:
- Morton’s Theorem describes situations during the play of hands wherein you may employ a strategy that is losing against two individual opponents, but against both simultaneously it’s a winning strategy.
- There is a related scenario that exists in tournament poker known as