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Published online by Cambridge University Press: 16 June 2021
We construct two planar homoeomorphisms $f$ and $g$ for which the origin is a globally asymptotically stable fixed point whereas for $f \circ g$ and $g \circ f$ the origin is a global repeller. Furthermore, the origin remains a global repeller for the iterated function system generated by $f$ and $g$ where each of the maps appears with a certain probability. This planar construction is also extended to any dimension $>$2 and proves for first time the appearance of the dynamical Parrondo's paradox in odd dimensions.