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Evolving Automata Negotiate with a Variety of Opponents

Listed author(s):
  • D.D.B. van Bragt and J.A. La Poutre

The rapid growth of a global electronic market place, together with the establishment of standard negotiation protocols, currently leads to the development of multi-agent architectures in which artificial agents can negotiate on behalf of their users. Ideally, these agents should be able to negotiate successfully against a variety of opponents with different tactics and different preferences. Furthermore, they should be able to adapt their strategies to deal for instance with agents with different preferences. We show that such flexible and powerful bargaining agents can be obtained using the combination of finite automata and evolutionary algorithms (EAs). Finite automata allow the bargaining agents to behave differently against different opponents. EAs can be used to adapt the agents' bargaining strategies (consisting of finite automata) in successive steps to generate more and more successful strategies in the course of time. The performance of the evolving automata is assessed in a competition against a broad variety of bargaining strategies. Highly-efficient bargaining strategies, which discriminate successfully between opponents with different bargaining tactics, are generated by the EA. We also investigate the situation in which the opponents are also co-evolving (and have different preferences). Positive results are obtained in this setup as well. The evolving automata perform especially well when the bargaining game is very short and a fast discrimination between different opponents becomes necessary.

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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2001 with number 118.

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Date of creation: 01 Apr 2001
Handle: RePEc:sce:scecf1:118
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  1. D.D.B. van Bragt, E.H. Gerding, J.A. La Poutre, . "Equilibrium Selection in Alternating-Offers Bargaining Models - The Evolutionary Computing Approach," The Electronic Journal of Evolutionary Modeling and Economic Dynamics, IFReDE - Université Montesquieu Bordeaux IV.
  2. Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
  3. Enrico Gerding & David van Bragt & Han La Poutré, 2003. "Multi-Issue Negotiation Processes by Evolutionary Simulation, Validation and Social Extensions," Computational Economics, Springer;Society for Computational Economics, vol. 22(1), pages 39-63, August.
  4. Miller, John H., 1996. "The coevolution of automata in the repeated Prisoner's Dilemma," Journal of Economic Behavior & Organization, Elsevier, vol. 29(1), pages 87-112, January.
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