A Microsoft Excel Version of Parrondo’s Paradox

18 Pages Posted: 11 Jul 2009 Last revised: 26 Jul 2009

Date Written: July 24, 2009

Abstract

Parrondo’s paradox is analyzed via Monte Carlo simulation and Markov chains within Microsoft Excel. The properties of individual and mixed games are clearly demonstrated. The accompanying Excel workbook, Parrondo.xls, enables the reader to replicate results, verify claims, and extend the analysis in unforeseen ways.

Keywords: Monte Carlo simulation, Markov chain, games

JEL Classification: C15, C73, C88

Suggested Citation

Barreto, Humberto, A Microsoft Excel Version of Parrondo’s Paradox (July 24, 2009). Available at SSRN: https://ssrn.com/abstract=1431958 or http://dx.doi.org/10.2139/ssrn.1431958

Humberto Barreto (Contact Author)

DePauw University ( email )

Greencastle, IN 46135
United States
765-365-4099 (Phone)

HOME PAGE: http://https://www.depauw.edu/learn/econexcel/

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