Vidal's libraryTitle: | Bayesian learning in negotiation |
Author: | Dajun Zeng and Katia Sycara |
Journal: | International Journal of Human-Computer Studies |
Volume: | 48 |
Number: | 1 |
Pages: | 125--141 |
Year: | 1998 |
DOI: | 10.1006/ijhc.1997.0164 |
Abstract: | Negotiation has been extensively discussed in game-theoretic, economic and management science literatures for decades. Recent growing interest in autonomous interacting software agents and their potential application in areas such as electronic commerce has give increased importance to automated negotiation. Evidence both from theoretical analysis and from observations of human interactions suggests that if decision makers can somehow take into consideration what other agents are thinking and furthermore learn during their interactions how other agents behave, their payoff might increase. In this paper, we propose a sequential decision-making model of negotiation, called Bazaar. It provides an adaptive, multi-issue negotiation model capable of exhibiting a rich set of negotiation behaviors. Within the proposed negotiation framework, we model learning as a Bayesian belief update process. In this paper, we present both theoretical analysis and initial experimental results showing that learning is beneficial in the sequential negotiation model. |
Cited by 147 - Google Scholar
@Article{zeng98a,
author = {Dajun Zeng and Katia Sycara},
title = {Bayesian learning in negotiation},
journal = {International Journal of Human-Computer Studies},
year = 1998,
volume = 48,
number = 1,
pages = {125--141},
abstract = {Negotiation has been extensively discussed in
game-theoretic, economic and management science
literatures for decades. Recent growing interest in
autonomous interacting software agents and their
potential application in areas such as electronic
commerce has give increased importance to automated
negotiation. Evidence both from theoretical analysis
and from observations of human interactions suggests
that if decision makers can somehow take into
consideration what other agents are thinking and
furthermore learn during their interactions how
other agents behave, their payoff might increase. In
this paper, we propose a sequential decision-making
model of negotiation, called Bazaar. It provides an
adaptive, multi-issue negotiation model capable of
exhibiting a rich set of negotiation
behaviors. Within the proposed negotiation
framework, we model learning as a Bayesian belief
update process. In this paper, we present both
theoretical analysis and initial experimental
results showing that learning is beneficial in the
sequential negotiation model.},
keywords = {multiagent bayesian negotiation},
url = {http://jmvidal.cse.sc.edu/library/zeng98a.pdf},
doi = {10.1006/ijhc.1997.0164},
googleid = {iZDG20wKoLkJ:scholar.google.com/},
cluster = {13375702218511388809}
}
Last modified: Wed Mar 9 10:14:37 EST 2011