Abstract

In multi-issue negotiations, issues may be negotiated independently or not. In the latter case, the utility associated with one issue depends on the value of another. Searching for good bids in a utility space based on multiple, dependent issues is in general intractable. Furthermore, existing negotiation strategies have proven to be efficient for negotiation in domains with independent issues cannot be used in case of dependencies between issues. To deal with this increased complexity, one can introduce a mediator in the negotiation setting, increase the power of computers exponentially, or approximate the utility space. Given the number of high quality and tractable algorithms that exist for independent issue sets, in this paper an approach that approximates the complex utility space by eliminating the dependencies is proposed. The approximated spaces can be used by existing negotiation algorithms that proved their worth in domains without issues dependencies. The approach exploits knowledge of experienced negotiators that determines for a domain and a set of negotiating parties the expected outcome range. The more specialised the knowledge of the negotiator, the more narrow the expected outcome range, and the more precise our approximation. Using the approximated space instead of the original without any further safeguards would be risky; what seems a good deal in the approximated space might be a bad deal in the original space. To mitigate this risk we introduce a safety procedures that interfere both in the approximation phase and in the bidding phase. The first safety procedure tunes the parameters of the approximation procedure to control the outcome deviation. We show how these parameters can be used to balance computational cost and accuracy of negotiation outcome. Based on experimental results specific values for the parameters are determined that, in general, provide a good balance between computational costs and accuracy. The second safeguard consists of a bid search wrapper algorithm that ensures that during the bidding no mistakes are made that are related to the use of the approximated space. Our approach is based on the assumption that the typical structure of general negotiation spaces is near linear, making it worth to do the approximation and checking its accuracy.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.