Abstract Many predators produce dormant offspring to escape harsh environmental conditions, but the evolutionary stability of this adaptation has not been fully explored. Like seed banks in plants, dormancy provides a stable competitive advantage when seasonal variations occur, because the persistence of dormant forms under harsh conditions compensates for the increased cost of producing dormant offspring. However, dormancy also exists in environments with minimal abiotic variation—an observation not accounted for by existing theory. Here it is demonstrated that dormancy can out‐compete perennial activity under conditions of extensive prey density fluctuation caused by overpredation. It is shown that at a critical level of prey density fluctuations, dormancy becomes an evolutionarily stable strategy. This is interpreted as a manifestation of Parrondo's paradox: although neither the active nor dormant forms of a dormancy‐capable predator can individually out‐compete a perennially active predator, alternating between these two losing strategies can paradoxically result in a winning strategy. Parrondo's paradox may thus explain the widespread success of quiescent behavioral strategies such as dormancy, suggesting that dormancy emerges as a natural evolutionary response to the self‐destructive tendencies of overpredation and related biological phenomena.
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