[not verified in body] He is mostly popular for the invention of the Parrondo's paradox and his contributions in the thermodynamical study of information.
[4] Juan Parrondo received his bachelors degree in 1987 and defended his Ph.D at Complutense University of Madrid in 1992.
In the same year he invented the well-known Parrondo's Paradox, according to which 2 losing strategies may win while working together.
"Noise-Induced Non-equilibrium Phase Transition" C. Van den Broeck, J. M. R. Parrondo and R. Toral, Physical Review Letters, vol.
73 p. 3395 (1994) "Game theory: Losing strategies can win by Parrondo's paradox" G. P. Harmer and D. Abbott, Nature vol.