Huck, Steffen; Sarin, Rajiv - In: The B.E. Journal of Theoretical Economics 4 (2004) 1
This paper studies a model of memory. The model takes into account that memory capacity is limited and imperfect. We … study how agents with such memory limitations, who have very little information about their choice environment, play games …. We introduce the notion of a Limited Memory Equilibrium (LME) and show that play converges to an LME in every generic …