Automated configuration of negotiation strategies

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Abstract

Bidding and acceptance strategies have a substantial impact on the outcome of negotiations in scenarios with linear additive and nonlinear utility functions. Over the years, it has become clear that there is no single best strategy for all negotiation settings, yet many fixed strategies are still being developed. We envision a shift in the strategy design question from: What is a good strategy?, towards: What could be a good strategy? For this purpose, we developed a method leveraging automated algorithm configuration to find the best strategies for a specific set of negotiation settings. By empowering automated negotiating agents using automated algorithm configuration, we obtain a flexible negotiation agent that can be configured automatically for a rich space of opponents and negotiation scenarios. To critically assess our approach, the agent was tested in an ANAC-like bilateral automated negotiation tournament setting against past competitors. We show that our automatically configured agent outperforms all other agents, with a 5.1% increase in negotiation payoff compared to the next-best agent. We note that without our agent in the tournament, the top-ranked agent wins by a margin of only 0.01%.

Original languageEnglish
Title of host publicationProceedings of the 19th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2020
EditorsBo An, Amal El Fallah Seghrouchni, Gita Sukthankar
PublisherInternational Foundation for Autonomous Agents and Multiagent Systems (IFAAMAS)
Pages1116-1124
Number of pages9
ISBN (Electronic)9781450375184
Publication statusPublished - 2020
Event19th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2020 - Virtual, Auckland, New Zealand
Duration: 19 May 2020 → …

Publication series

NameProceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS
Volume2020-May
ISSN (Print)1548-8403
ISSN (Electronic)1558-2914

Conference

Conference19th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2020
CountryNew Zealand
CityVirtual, Auckland
Period19/05/20 → …

Bibliographical note

accepted author manuscript

Keywords

  • Automated Algorithm Configuration
  • Automated Negotiation
  • Negotiation Strategy

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