Individuals can make choices for themselves that are beneficial or detrimental to the entire group. Consider two losing choices that some individuals have to make on behalf of the group. Is it possible that the losing choices combine to give a winning outcome? We show that it is possible through a variant of Parrondo’s paradox—the preference aggregation Parrondo’s paradox (PAPP). This new variant of Parrondo’s paradox makes use of an aggregate rule that combines with a decision-making heuristic that can be applied to individuals or parts of the social group. The aim of this work is to discuss this PAPP framework and exemplify it on a social network. This work enhances existing research by constructing a feedback loop that allows individuals in the social network to adapt its behavior according to the outcome of the Parrondo’s games played.
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October 2022
Research Article|
October 10 2022
A comprehensive framework for preference aggregation Parrondo’s paradox Available to Purchase
Joel Weijia Lai
;
Joel Weijia Lai
(Conceptualization, Data curation, Formal analysis, Investigation, Methodology, Software, Validation, Visualization, Writing – original draft, Writing – review & editing)
Science, Mathematics and Technology Cluster, Singapore University of Technology and Design
, 8 Somapah Road, S487372 Singapore
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Kang Hao Cheong
Kang Hao Cheong
a)
(Conceptualization, Formal analysis, Investigation, Methodology, Project administration, Resources, Supervision, Validation, Visualization, Writing – original draft, Writing – review & editing)
Science, Mathematics and Technology Cluster, Singapore University of Technology and Design
, 8 Somapah Road, S487372 Singapore
a)Author to whom correspondence should be addressed: [email protected]
Search for other works by this author on:
Joel Weijia Lai
Conceptualization, Data curation, Formal analysis, Investigation, Methodology, Software, Validation, Visualization, Writing – original draft, Writing – review & editing
Science, Mathematics and Technology Cluster, Singapore University of Technology and Design
, 8 Somapah Road, S487372 Singapore
Kang Hao Cheong
Conceptualization, Formal analysis, Investigation, Methodology, Project administration, Resources, Supervision, Validation, Visualization, Writing – original draft, Writing – review & editing
a)
Science, Mathematics and Technology Cluster, Singapore University of Technology and Design
, 8 Somapah Road, S487372 Singapore
a)Author to whom correspondence should be addressed: [email protected]
Chaos 32, 103107 (2022)
Article history
Received:
May 31 2022
Accepted:
September 06 2022
Citation
Joel Weijia Lai, Kang Hao Cheong; A comprehensive framework for preference aggregation Parrondo’s paradox. Chaos 1 October 2022; 32 (10): 103107. https://doi.org/10.1063/5.0101321
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