On the Role of Expectations in Multi-agent Reasoning and Decision Making

Quoc Bao Vo, Minyi Li

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

2 Citations (Scopus)

Abstract

In game theory, the notion of expectation is made implicit. That is, most game-theoretic solution concepts, such as equilibrium, rationalizability, assume that agents expect one another to play their respective strategies according to the solution(s) induced by these solution concepts. This assumption limits the applicability of these solution concepts to many multi-agent systems situated in open and dynamic environments due to obvious reasons: agents being resource-bounded, agents being rational-bounded, and agents not knowing some relevant aspects of the game they are playing. In this paper, by making agents' expectations explicit we provide a generic and flexible framework to allow concepts and results of game theory to be more readily mapped to the reasoning and decision making mechanisms in multi-agent systems.
Original languageEnglish
Title of host publicationInternational Conference on Web Intelligence and Intelligent Agent Technology (WI-IAT 2012)
Subtitle of host publicationMacau, China, 4 - 7 December 2012
EditorsYuefeng Li, Yanqing Zhang
Place of PublicationPiscataway, NJ
PublisherIEEE, Institute of Electrical and Electronics Engineers
Pages162-169
Number of pages8
Volume1
ISBN (Electronic)9780769548807
ISBN (Print)9781467360579
DOIs
Publication statusPublished - 2012
Externally publishedYes
EventIEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology 2012 - Macau, China
Duration: 4 Dec 20127 Dec 2012

Conference

ConferenceIEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology 2012
Country/TerritoryChina
CityMacau
Period4/12/127/12/12

Keywords

  • Expectation
  • Game theory
  • Multi-agent reasoning

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