Multi-Issue Bargaining With Deep Reinforcement Learning
Ho-Chun Herbert Chang

TL;DR
This paper explores the application of deep reinforcement learning to multi-issue bargaining, demonstrating that neural agents can learn to exploit, adapt, and cooperate, leading to fairer negotiation outcomes in complex bargaining scenarios.
Contribution
It introduces a novel approach using actor-critic networks for bargaining, showing how neural agents can learn to exploit, adapt, and cooperate in negotiation games, which departs from classical game theory.
Findings
Neural agents learn to exploit time-based agents and prefer Cauchy distribution for sampling offers.
Agents demonstrate adaptive behavior across different concession and discount strategies.
Neural agents can cooperate and use non-credible threats to achieve fairer outcomes.
Abstract
Negotiation is a process where agents aim to work through disputes and maximize their surplus. As the use of deep reinforcement learning in bargaining games is unexplored, this paper evaluates its ability to exploit, adapt, and cooperate to produce fair outcomes. Two actor-critic networks were trained for the bidding and acceptance strategy, against time-based agents, behavior-based agents, and through self-play. Gameplay against these agents reveals three key findings. 1) Neural agents learn to exploit time-based agents, achieving clear transitions in decision preference values. The Cauchy distribution emerges as suitable for sampling offers, due to its peaky center and heavy tails. The kurtosis and variance sensitivity of the probability distributions used for continuous control produce trade-offs in exploration and exploitation. 2) Neural agents demonstrate adaptive behavior against…
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Taxonomy
TopicsReinforcement Learning in Robotics · Experimental Behavioral Economics Studies · Auction Theory and Applications
