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A reinforcement learning optimized negotiation method based on mediator agent.

Authors :
Lihong Chen
Hongbin Dong
Yang Zhou
Source :
Expert Systems with Applications. Nov2014, Vol. 41 Issue 16, p7630-7640. 11p.
Publication Year :
2014

Abstract

This paper firstly proposes a bilateral optimized negotiation model based on reinforcement learning. This model negotiates on the issue price and the quantity, introducing a mediator agent as the mediation mechanism, and uses the improved reinforcement learning negotiation strategy to produce the optimal proposal. In order to further improve the performance of negotiation, this paper then proposes a negotiation method based on the adaptive learning of mediator agent. The simulation results show that the proposed negotiation methods make the efficiency and the performance of the negotiation get improved. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09574174
Volume :
41
Issue :
16
Database :
Academic Search Index
Journal :
Expert Systems with Applications
Publication Type :
Academic Journal
Accession number :
97251092
Full Text :
https://doi.org/10.1016/j.eswa.2014.06.003