arXiv:2602.05302v3 Announce Type: replace Abstract: We present an in-depth evaluation of LLMs' ability to negotiate, a central business task requiring strategic reasoning, theory of mind, and economic value creation. To do so, we introduce PieArena, a large-scale negotiation benchmark grounded in multi-agent interactions over realistic scenarios adapted from MBA negotiation courses at an elite business school. We evaluate language agents across three pairing regimes: mirror-play, cross-play, and human-LM play. We develop a ranking model for continuous negotiation payoffs that yields order-inva
Source: arXiv cs.AI — read the full report at the original publisher.