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Technical University of Crete
Technical University of Crete
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| URI | http://purl.tuc.gr/dl/dias/DD3A51F6-6D73-4884-8326-0C1D15C3803F | - |
| Identifier | http://eprints.soton.ac.uk/267067/1/cepjPoDaamas2009final.pdf | - |
| Language | en | - |
| Extent | 7 pages | en |
| Title | The price of democracy in coalition formation | en |
| Creator | Nicholas R Jennings | en |
| Creator | Maria Polukarov | en |
| Creator | Edith Elkind | en |
| Creator | Georgios Chalkiadakis | en |
| Publisher | International Foundation for Autonomous Agents and Multiagent Systems | en |
| Content Summary | Whenever rational agents form coalitions to execute tasks, doing so via a de- centralized negotiation process—while more robust and democratic—may lead to a loss of efficiency compared to a centralized solution. To quantify this loss, we introduce the notion of the Price of Democracy (PoD), which measures the amount of resources needlessly committed to the task(s) at hand. After defining this concept for general coalitional games, we instan- tiate it in the setting of weighted voting games, a simple but expressive class of coalitional games that can be used to model resource allocation in multiagent scenarios. We approach the problem of forming winning coali- tions in this setting from a non-cooperative perspective, and put forward an intuitive deterministic bargaining process, which exhibits no delay of agree- ment (i.e., the agents are guaranteed to form a winning coalition in round one) and allows for efficient computation of bargaining strategies. We show a tight bound of 3/2 on the PoD of our process if two rounds of bargain- ing are allowed, and demonstrate that this bound cannot improve with more rounds. We then generalize our bargaining process to settings where mul- tiple coalitions are allowed to be formed, show that this generalization also exhibits no delay of agreement, and discuss the PoD in such settings. | en |
| Type of Item | Πλήρης Δημοσίευση σε Συνέδριο | el |
| Type of Item | Conference Full Paper | en |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-09-26 | - |
| Date of Publication | 2009 | - |
| Bibliographic Citation | G. Chalkiadakis, E. Elkind, M. Polukarov, N. R Jennings .(2009) .The Price of Democracy in Coalition Formation. Presented at the 8th International conference on autonomous agents and multiagent systems-volume 1.[online].Available :http://eprints.soton.ac.uk/267067/1/cepjPoDaamas2009final.pdf | en |
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