Negotiation-Based Coalition Formation Among Selfish Agents

Topics:
Negotiations and Contracts
Tags:
Agent,
Business Operations,
Coalition Formation,
Negotiation,
Real Estate,
University Of South Carolina
Source:
University of South Carolina

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Overview: Many multiagent systems are comprised of self-interested, autonomous agents that have to collaborate with each other in order to maximize their individual utilities. Most real world agents are inhibited with limited resources, capabilities and knowledge about their environment, and their interactions are limited to a select set of other agents depending on their social network. Typically, such systems also lack any central authority to resolve issues between multiple agents. Such agents can pool their resources and combine their services to handle complex tasks, which they would otherwise be unable to accomplish, by forming coalitions. Coalition formation entails determining solutions that are stable. Some of the other desirable properties for multiagent systems are social welfare maximization and fairness of revenue distribution amongst the agents.

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Format: PDF | Size: 206KB | Date: Jul 2007 | Pages: 15


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