We investigate the impact of reputation in a laboratory experiment. We do so by varying whether the past choices of a long-run player are observable by the short-run players. Our framework allows for reputation to have either a beneficial or a harmful effect on the long-run player. We find that...

The authors examine learning in all experiments they could locate involving one hundred periods or more of games with a unique equilibrium in mixed strategies, and in a new experiment. They study both the ex post ('best fit') descriptive power of learning models, and their ex ante predictive...