An Innovative Approach for Predicting Both Negotiation Deadline and Utility in Multi-issue Negotiation

  • Jihang Zhang
  • Fenghui Ren
  • Minjie Zhang
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8862)

Abstract

In agent negotiation, agents usually need to know their opponents’ negotiation parameters (i.e preference, deadline, reservation utility) to effectively adjust their negotiation strategies, thus an agreement can be reached. However, in a competitive negotiation environment, agents may not be willing to reveal their negotiation parameters, which increases the difficulty of reaching an agreement. In order to solve this problem, agents need to have the learning ability to predict their opponents’ negotiation parameters. In this paper, a Bayesian-based prediction approach is proposed to help an agent to predict its opponent’s negotiation deadline and reservation utility in bilateral multi-issue negotiation. Besides, a concession strategy adjustment algorithm is integrated into the proposed prediction approach to improve the negotiation result. The experimental results indicate that the proposed approach can increase the profit and the success rate of bilateral multi-issue negotiation.

Keywords

Negotiation Strategy Bayesian Learning Utility Gain Prediction Region Negotiation Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Jihang Zhang
    • 1
  • Fenghui Ren
    • 1
  • Minjie Zhang
    • 1
  1. 1.School of Computer Science and Software EngineeringUniversity of Wollongong WollongongAustralia

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