Vidal's libraryTitle: | Satisficing Negotiations |
Author: | James K. Archibald, Jared C. Hill, F. Ryan Johnson, and Wynn C. Stirling |
Journal: | IEEE Transactions on Systems, Man and Cybernetics, Part C |
Volume: | 36 |
Number: | 1 |
Pages: | 4--18 |
Year: | 2006 |
DOI: | 10.1109/TSMCC.2005.860571 |
Abstract: | Negotiation procedures that are founded on the doctrine of individual rationality, where each participant is committed to maximizing its own satisfaction, are limited in their ability to accommodate the interests of others, and therefore, may unnecessarily constrain the negotiability of a decision maker, particularly in cooperative environments. Satisficing game theory provides a distinct alternative to the hyperrationality of conventional rational choice by waiving reliance on the individual rationality premise and offering an approach to negotiatory decision making that is based on a well-defined mathematical notion of satisficing, or being good enough, that permits the modeling of complex interrelationships between agents. This approach provides a mechanism to compute the attitude, or degree of conflict or contentedness, of the negotiators. Examples illustrate both single-round and multiround satisficing negotiation protocols. |
Cited by 1 - Google Scholar
@Article{archibald06a,
author = {James K. Archibald and Jared C. Hill and F. Ryan
Johnson and Wynn C. Stirling},
title = {Satisficing Negotiations},
journal = {{IEEE} Transactions on Systems, Man and Cybernetics,
Part {C}},
year = 2006,
volume = 36,
number = 1,
pages = {4--18},
abstract = {Negotiation procedures that are founded on the
doctrine of individual rationality, where each
participant is committed to maximizing its own
satisfaction, are limited in their ability to
accommodate the interests of others, and therefore,
may unnecessarily constrain the negotiability of a
decision maker, particularly in cooperative
environments. Satisficing game theory provides a
distinct alternative to the hyperrationality of
conventional rational choice by waiving reliance on
the individual rationality premise and offering an
approach to negotiatory decision making that is
based on a well-defined mathematical notion of
satisficing, or being good enough, that permits the
modeling of complex interrelationships between
agents. This approach provides a mechanism to
compute the attitude, or degree of conflict or
contentedness, of the negotiators. Examples
illustrate both single-round and multiround
satisficing negotiation protocols.},
doi = {10.1109/TSMCC.2005.860571},
url = {http://jmvidal.cse.sc.edu/library/archibald06a.pdf},
cluster = {17891152833955039061},
keywords = {multiagent negotiation}
}
Last modified: Wed Mar 9 10:16:35 EST 2011