Patent ID: 8335746

Claim:
A computer executable automated method of bargaining among opposite parties involving monetary values, submitted by the opposite parties, comprising: receiving an engagement request from a first entity to engage an automated bargaining system, for a transaction, and to be bound by a resolution of the transaction transmitted from the automated bargaining system; receiving an engagement indication from a second entity, opposite to the first entity with respect to the transaction, to engage the automated bargaining system for the transaction; encouraging at least one of the first entity or second entity with a facilitator communication; receiving a series of at least two monetary offers and a power round offer from the first entity; receiving a series of at least two counter-offers from the second entity; maintaining inaccessibility of the monetary offers from the second entity; maintaining inaccessibility of the counter-offers from the first entity; comparing a first offer of the series of at least two monetary offers with a first counter-offer in a first round to determine if a first difference between the first monetary offer and the first counter-offer is within a predetermined guideline; if, in the first round, the first difference is within the predetermined guideline, transmitting a successful agreement notification to the first entity and the second entity; if, in the first round, the first difference is not within the predetermined guideline, comparing a second offer of the series of monetary offers with a second counter-offer in a second round to determine if a second difference between the second monetary offer and the second counter-offer is within the predetermined guideline; if, in the second round, the second difference is within the predetermined guideline, transmitting a successful agreement notification to the first entity and the second entity; if, in the second round, the second difference is not within the predetermined guideline, initiating a third round as a power round by comparing the power round offer of the series of monetary offers with one counter-offer, from the series of at least two counter-offers, to determine if a power round difference between the power round offer and the one counter-offer is within a predetermined power round guideline; and if, in the power round, the power round difference is within the predetermined power round guideline, transmitting a successful agreement notification to the first entity and the second entity; wherein said computer executable method is implemented by a computer, and at least the comparison in any round is completely automated and carried out by the computer.