Evaluating Information Variation in Informed Agent Negotiation

  • Authors:
  • Paul Bogg

  • Affiliations:
  • University of Technology, Sydney

  • Venue:
  • IAT '06 Proceedings of the IEEE/WIC/ACM international conference on Intelligent Agent Technology
  • Year:
  • 2006

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Abstract

Much of the B2B real world commercial activities today require the resolution of multiple issues before a trade is agreed and contract signed. Negotiation is typically the way in which these multi-issue transactions are resolved. For B2B e-commerce, the automation of this negotiation for trade has the potential to revolutionise the way that business is conducted. Intelligent agents have been the focus for developments into automating e-commerce trade negotiation, however, much research is still required before automated negotiation is possible. E-commerce negotiation occurs on the Internet, a dynamic, information rich domain. Information in negotiation is crucial, and a negotiating agent should account for changes in information in its strategy. An intelligent agent framework for negotiation has been developed based on a maximal entropy approach which centers decision making on the certainty of information. We evaluate how the variations in information and certainty affect an agent negotiating in an exemplar negotiation scenario.