Definition
The Zeuthen strategy is a rule-based approach for bargaining in multi-agent negotiations. It calculates the maximum risk an agent is willing to take to push for its preferred outcome, defined as the ratio of utility loss if agreement fails versus utility gain if the opponent concedes. Agents using this strategy will concede only when their calculated risk exceeds that of their counterpart, ensuring efficient convergence to Pareto-optimal agreements in cooperative settings.
Summary
A negotiation protocol in multi-agent systems that determines when an agent should risk conflict based on its utility loss.
Key Concepts
- Multi-Agent Systems
- Game Theory
- Negotiation Protocols
- Utility Functions
Use Cases
- Automated resource allocation
- Distributed planning
- Economic simulation