04
Feb
14

Negotiating Complex Contracts by Mark Klein, Peyman Faratin, Hiroki Sayama, Yaneer Bar-Yam :: SSRN

See on Scoop.itBounded Rationality and Beyond

Abstract:      
Work to date on computational models of negotiation has focused almost exclusively on defining contracts consisting of one or a few independent issues and tractable contract spaces. Many real-world contracts, by contrast, are much more complex, consisting of multiple inter-dependent issues and intractably large contract spaces. This paper describes a simulated annealing based approach appropriate for negotiating such complex contracts that achieves near-optimal social welfares for negotiations with binary issue dependencies. 

See on papers.ssrn.com

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