Bill,
> -----Original Message-----
> From: asa-owner@lists.calvin.edu [mailto:asa-owner@lists.calvin.edu]On
> Behalf Of William Hamilton
> Sent: Sunday, November 30, 2003 8:55 PM
>
> Have you heard of mixed strategies, or genetic algorithms?
>
> In stochastic optimization there are situations where selecting
> strategy A with probability p(A) and strategy B with probability p(B)
> gives a better result than selecting purely strategy A or strategy B.
> That's a mixed strategy.
If this is the GM Bill, then I haven't heard from you in ages and ages. Hope
you are well.
Anyway, Gordie Simons pointed this out to me. Parrando's paradox is that
two losing strategies in a game can actually add up to a win if the player
alternates the strategies. See
Harmer, G.P. & Abbott, D. Game theory: Losing strategies can win by
Parrondo's paradox Nature 402, 864 (1999).
Received on Mon Dec 1 19:21:12 2003
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