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    Both memory and reasoning capacities of real agents are l... — Carmelics
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    Supports→Real cognitive agents cannot fully represent the entire game they are in or reason to the end of the game.

    Both memory and reasoning capacities of real agents are limited.

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    Real cognitive agents are bounded in their information processing.Real cognitive agents cannot fully represent the entire game they are in or reas...

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    Real cognitive agents have limited memory and reasoning capacities.90%Human agents face resource limitations that make computationally optim...82%Human agents face real resource limitations in everyday decision makin...82%Bounded agents may miss the longer horizon due to their cognitive limi...79%

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    Besides variations in preferences and beliefs, a third crucial aspect of players is their styles of information processing, decision making, and reasoning. Real cognitive agents are bounded in their information processing, as both their memory and reasoning capacities are limited. In particular, players may not be able to represent the entire game they are in, nor reason until the end of the game. This phenomenon of short sight has been studied in Grossi and Turrini (2012) and Turrini (2016). Mo

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