If its a normal function we can call that function using its name. Anonymous function don't have name, but you can refer the function using the callee method.
How to approach recursion?
The key idea to recursion is the terminating condition. First you need to figure out when the function should terminate. Then you think on how to generalize. Means first you look at when the factorial function say fact(n) should terminate, i.e, when n==1.
A normal function that computes factorial (I'm choosing factorial because its simple, and easy to understand) can be like:
function fact(n):int {In terms of anonymous function:
if(n==1) return 1;
else return n * fact(n-1);
}
trace(fact(5));
var fact:int = (function(n):int {
if(n==1) return 1;
else return n * arguments.callee(n-1);
})(5);
trace(fact);