Open Access
Peer-Reviewed
Original Research
The Impact of Irrationality on Negotiation Strategies with Incomplete Information
Abstract
Decision-making in negotiation with incomplete i nformation, having an irrational part, is a complex problem. Inspired from research works aiming to analyze human behavior and those o n social negotiation psychology, the integration of personality aspects, with the essential time parameter, is becoming necessary. For this purpose, first, one to one bargaining process, in which a buyer agent and a seller agent negotiate over single issue (price), is developed , where the basic behaviors based on time (Faratin et al. , 1998) and personality aspects (conciliatory, neutral, and aggressive) are suggested . Second, a cognitive approach, based on the five -factor model in personality (Fiske, 1949; Tupes and Christal, 1961; Norman, 1963), is suggested to control the resulting time -personality behaviors with incomplete information. In fact, the five factors are the extraversion, the agreeableness, the conscientiousness, the neuroticism, and the openness to experience. Afterwards, experimental environments and measures, allowing a set of experiments are detailed. Results, concerning time - personality behaviors, demonstrate that more increasing conciliatory aspects lead to increased agreement point (price) and decreased agreement time, and more increasing aggressive aspects lead to decreased agreement point and increased agreement time. Finally, from a study case, of three different personalities corresponding to three different cognitive orientations, experimental results illustrate the promising way of the suggested cognitive approach in the control of the time-personality behaviors.
Keywords
Computer Science
Information Systems
Software Engineering
Artificial Intelligence
IADIS
Data Analytics
Declarations & Ethics
Funding:
This research received academic dissemination support through ESCAP / JournalsHub publishing programs.
Conflicts of Interest:
The authors declare no competing financial or institutional interests.
Peer Review:
Double-blind peer reviewed by international subject specialists.
License:
Creative Commons Attribution 4.0 International (CC BY 4.0).
How to Cite This Article
APA / MLA / BibTeX
Images, et al. (2013). The Impact of Irrationality on Negotiation Strategies with Incomplete Information. IADIS International Journal on Computer Science and Information Systems, 8(2). https://doi.org/10.33965/ijcsis_2013_v8i2_08
Images, et al. "The Impact of Irrationality on Negotiation Strategies with Incomplete Information." IADIS International Journal on Computer Science and Information Systems, vol. 8, no. 2, 2013. https://doi.org/10.33965/ijcsis_2013_v8i2_08
Images, et al. "The Impact of Irrationality on Negotiation Strategies with Incomplete Information." IADIS International Journal on Computer Science and Information Systems 8, no. 2 (2013). https://doi.org/10.33965/ijcsis_2013_v8i2_08