Decommitment in Multi-resource Negotiation (Short Paper)
Victor Lesser, Kwang Mong Sim · 2008
This paper presents the design and implementation of negotiation agents that negotiate with other entities for acquiring multiple resources. In our approach, agents utilize a time-dependent negotiation strategy in which the reserve price of each negotiation issue is dynamically determined by 1) the likelihood that negotiation will not be successfully completed (conflict probability), 2) the expected agreement price of the issue, and 3) the expected number of final agreements. Results from a series of experiments indicate that on average, our negotiation strategy achieved higher average utility than traditional negotiation strategies.