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Authors: Kyrill Schmid 1 ; Lenz Belzner 2 ; Thomy Phan 1 ; Thomas Gabor 1 and Claudia Linnhoff-Popien 1

Affiliations: 1 Distributed and Mobile Systems Group, LMU Munich, Germany ; 2 MaibornWolff, Germany

Keyword(s): Multi-agent Reinforcement Learning.

Abstract: In cooperative game theory bargaining games refer to situations where players can agree to any one of a variety of outcomes but there is a conflict on which specific outcome to choose. However, the players cannot impose a specific outcome on others and if no agreement is reached all players receive a predetermined status quo outcome. Bargaining games have been studied from a variety of fields, including game theory, economics, psychology and simulation based methods like genetic algorithms. In this work we extend the analysis by means of deep multi-agent reinforcement learning (MARL). To study the dynamics of bargaining with reinforcement learning we propose two different bargaining environments which display the following situations: in the first domain two agents have to agree on the division of an asset, e.g., the division of a fixed amount of money between each other. The second domain models a seller-buyer scenario in which agents must agree on a price for a product. We empirica lly demonstrate that the bargaining result under MARL is influenced by agents’ risk-aversion as well as information asymmetry between agents. (More)

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Paper citation in several formats:
Schmid, K.; Belzner, L.; Phan, T.; Gabor, T. and Linnhoff-Popien, C. (2020). Multi-agent Reinforcement Learning for Bargaining under Risk and Asymmetric Information. In Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART; ISBN 978-989-758-395-7; ISSN 2184-433X, SciTePress, pages 144-151. DOI: 10.5220/0008913901440151

@conference{icaart20,
author={Kyrill Schmid. and Lenz Belzner. and Thomy Phan. and Thomas Gabor. and Claudia Linnhoff{-}Popien.},
title={Multi-agent Reinforcement Learning for Bargaining under Risk and Asymmetric Information},
booktitle={Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART},
year={2020},
pages={144-151},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008913901440151},
isbn={978-989-758-395-7},
issn={2184-433X},
}

TY - CONF

JO - Proceedings of the 12th International Conference on Agents and Artificial Intelligence - Volume 1: ICAART
TI - Multi-agent Reinforcement Learning for Bargaining under Risk and Asymmetric Information
SN - 978-989-758-395-7
IS - 2184-433X
AU - Schmid, K.
AU - Belzner, L.
AU - Phan, T.
AU - Gabor, T.
AU - Linnhoff-Popien, C.
PY - 2020
SP - 144
EP - 151
DO - 10.5220/0008913901440151
PB - SciTePress

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