Wikipedia defines Parrondo’s paradox in game theory as
A combination of losing strategies becomes a winning strategy.
If you want to learn more about this fascinating topic and see an application in finance, read on!
Continue reading “Parrondo’s Paradox in Finance: Combine two Losing Investments into a Winner”
In data science, we try to find, sometimes well-hidden, patterns (= signal) in often seemingly random data (= noise). Pseudo-Random Number Generators (PRNG) try to do the opposite: hiding a deterministic data generating process (= signal) by making it look like randomness (= noise). If you want to understand some basics behind the scenes of this fascinating topic, read on!
Continue reading “Pseudo-Randomness: Creating Fake Noise”
During our little break, Valentine’s Day was celebrated. Yet for many, it was a depressing day because they are single and are looking for love.
Speed dating is a popular format (in times of Covid-19 also in virtual form) to meet many different potential soul mates in a short period of time. If you want to learn which factors determine “getting to the next round”, read on!
Continue reading “Cupid’s Arrow: How to Boost your Chances at Dating!”