TY - GEN
T1 - Automated bilateral multiple-issue negotiation with no information about opponent
AU - Zheng, Ronghuo
AU - Chakraborty, Nilanjan
AU - Dai, Tinglong
AU - Sycara, Katia
AU - Lewis, Michael
PY - 2013
Y1 - 2013
N2 - In this paper, we investigate offer generation methods for automated negotiation on multiple issues with no information about the opponent's utility function. In existing negotiation literature, it is usually assumed that an agent has full information or probabilistic beliefs about the other agent's utility function. However, it is usually not possible for agents to have complete information about the other agent's preference or accurate probability distributions. We prove that using an alternating projection strategy, it is possible to reach an agreement in general automated multi-attribute negotiation, where the agents have nonlinear utility functions and no information about the utility function of the other agent. We also prove that rational agents do not have any incentive to deviate from the proposed strategy. We further present simulation results to demonstrate that the solution obtained from our protocol is quite close to the Nash bargaining solution.
AB - In this paper, we investigate offer generation methods for automated negotiation on multiple issues with no information about the opponent's utility function. In existing negotiation literature, it is usually assumed that an agent has full information or probabilistic beliefs about the other agent's utility function. However, it is usually not possible for agents to have complete information about the other agent's preference or accurate probability distributions. We prove that using an alternating projection strategy, it is possible to reach an agreement in general automated multi-attribute negotiation, where the agents have nonlinear utility functions and no information about the utility function of the other agent. We also prove that rational agents do not have any incentive to deviate from the proposed strategy. We further present simulation results to demonstrate that the solution obtained from our protocol is quite close to the Nash bargaining solution.
UR - https://www.scopus.com/pages/publications/84875523646
U2 - 10.1109/HICSS.2013.626
DO - 10.1109/HICSS.2013.626
M3 - Conference contribution
AN - SCOPUS:84875523646
SN - 9780769548920
T3 - Proceedings of the Annual Hawaii International Conference on System Sciences
SP - 520
EP - 527
BT - Proceedings of the 46th Annual Hawaii International Conference on System Sciences, HICSS 2013
T2 - 46th Annual Hawaii International Conference on System Sciences, HICSS 2013
Y2 - 7 January 2013 through 10 January 2013
ER -