FINITELY MANY PLAYERS WITH BOUNDED RECALL IN INFINITELY REPEATED GAMES

We study the set of limit points of equilibrium payoffs in n-player re peated games, with bounded recall, when the memory capacities of all t he players grow to infinity. Two main issues are explored: (i) whether differential information enables players to play correlatively, and ( ii) the extent to which boundedly rational players can learn others' b ehavior patterns and conceal their own. Journal of Economic Literature Classification Number: 026. (C) 1994 Academic Press, Inc.