A tit for tat negotiation strategy for real-time bilateral negotiations

Tim Baarslag*, Koen Hindriks, Catholijn Jonker

*Corresponding author for this work

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

Abstract

We describe the strategy of our negotiating agent, Nice Tit for Tat Agent, which reached the finals of the 2011 Automated Negotiating Agent Competition. It uses a Tit for Tat strategy to select its offers in a negotiation, i.e.: initially it cooperates with its opponent, and in the following rounds of negotiation, it responds in kind to the opponent's actions.We give an overview of how to implement such a Tit for Tat strategy and discuss its merits in the setting of closed bilateral negotiation.

Original languageEnglish
Title of host publicationComplex Automated Negotiations
Subtitle of host publicationTheories, Models, and Software Competitions
PublisherSpringer/Verlag
Pages229-233
Number of pages5
ISBN (Print)9783642307362
DOIs
Publication statusPublished - 1 Jan 2013
Externally publishedYes

Publication series

NameStudies in Computational Intelligence
Volume435
ISSN (Print)1860-949X

Cite this

Baarslag, T., Hindriks, K., & Jonker, C. (2013). A tit for tat negotiation strategy for real-time bilateral negotiations. In Complex Automated Negotiations: Theories, Models, and Software Competitions (pp. 229-233). (Studies in Computational Intelligence; Vol. 435). Springer/Verlag. https://doi.org/10.1007/978-3-642-30737-9_18