Title:
Feasible negotiation strategy: Analysis from a simulation
Abstract: This paper details a feasible negotiation strategy
to allow agents to make constructive agreements using a reasonable positive
intension approach. If an agent receives a guaranteed payoff of at least
the maximum of a minimum amount, then there is a possibility to bind the
agreement. If agents adopt a maximin/minimax strategy to bind agreements,
then the rate of negotiation will increase to both sides satisfaction. The
negotiation mechanism using game theory is analysed with the concept of Nash
equilibrium and a maximin/minimax strategy. The result provides a theoretical
solution, and if agents adopt this strategy in a negotiation mechanism then
the agreement binding rate among agents can be enhanced.