A Multi-demand Adaptive Bargaining based on Fuzzy Logic

Abstract

Nowadays, decisions in estate investment are made by a group of investors with different demands and then how to find an agreement among them become an essential issue. Thus, this paper introduces a fuzzy logic based bargaining model to solve such problems. Moreover, we also do lots of simulation experiments to reveal how bargainers' risk attitude, patience and regret degree influence the outcome of a game, and benchmark our model with the previous one. From these experiments, we can conclude that our model can reflect the human intuitions well, has a higher success rate, and bargains more efficiently than the previous one.