Applying Game Theory to Automated Negotiation

Ken Binmore and Nir Vulkan

ELSE working papers from ESRC Centre on Economics Learning and Social Evolution

Abstract: With existing technology, it is already possible for personal agents to schedule meetings for thier users, to write the small print of an agrement and for agents to search the Internet for the cheapest price. But srious 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.

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