Applying game theory to automated negotiation

  • Authors:

  • Ken Binmore;Nir Vulkan

  • Affiliations:

  • The ESRC Centre for Economic Learning and Social Evolution, University College London, Gower Street, London WC1E 6BT, UK;The ESRC Centre for Economic Learning and Social Evolution, University College London, Gower Street, London WC1E 6BT, UK

  • Venue:
  • Netnomics
  • Year:
  • 1999

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Abstract

With existing technology, it is already possible for personal agents to schedule meetings for their users, to write the small print of an agreement, and for agents to search the Internet for the cheapest price. But serious negotiation cranks the difficulty of the problem up several notches. In this paper, we review what game theory has to offer in the light of experience gained in programming automated agents within the ADEPT (Advance Decision Environment for Process Tasks) project, which is currently being used by British Telecom for some purposes.