Modelling the negotiation paradigm for the banking industry

Researchers in economics- and business-related industries have shown interest in negotiation paradigms involving interacting agents. Many researchers in artificial intelligence are looking at the possibility of modelling negotiation. It has been viewed as a traversal in a large search space of solutions with the objective of satisfying what appeared in the beginning antagonistic interests. In this paper we briefly review some of the relevant work in the area of negotiation. We discuss a model for the lending process of a banking industry and its implementation. We make some concluding remarks mostly based on this experience.