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Scope/Content: An early draft of Hugh Everett's paper on recursive games. A later version of this paper was discussed at a conference at Princeton in 1955, and published in the volume "Contributions to the Theory of Games, Volume III", C. Berg and M. Dresher eds. That paper ["Recursive Games"] appeared in Kuhn ["Classics in Game Theory", Princeton University Press, 1997]. Scope/Content: This document was found in the basement of Mark Everett in 2007 by Mark Everett and Peter Byrne.