Large language model (LLM) agents increasingly participate in negotiations on behalf of individuals and organizations, yet they remain vulnerable to manipulation, particularly in repeated multi-party interactions. Classical multi-agent systems address this challenge through explicit trust and reputation models, whereas existing work on LLM negotiation largely treats trust as an emergent phenomenon. We investigate whether LLM agents can form useful trust estimates from prior interactions and leverage them to improve future negotiation outcomes. We introduce a repeated, multi-party, multi-issue negotiation framework in which recurring agents participate in a sequence of negotiation games while one participant covertly attempts to prevent agreement. After each game, agents assess their counterparts and maintain pairwise trust estimates that carry over to subsequent negotiations. We compare trust-aware and trust-agnostic agents and analyze how explicit trust influences negotiation outcomes. Our results reveal a trust--agreement gap: trust-aware agents can identify the adversary within a few games, but accurate trust estimates do not consistently translate into better agreements. Trust increases agreement rates by up to 23 percentage points, but only when agents are explicitly guided to use it in their decisions. Explicit trust can therefore improve repeated LLM negotiations, but its value depends critically on how trust is assessed and incorporated into agents' reasoning.
Figures & tables
Figure 1: Repeated multi-party negotiation with explicit trust. Five parties negotiate a package over five issues with four options each; a deal needs four of the five votes. Each party holds private ( ) scores, minimum threshold to accept (BATNA, β ), and a trust vector with one entry per counterpart. One party covertly prefers no agreement. After every game, each party updates trust with BRS, rubric-based, or free-form assessment, and the updated trust carries into the next game.
Model
Reasoning ( r )
Non-reasoning ( nr )
Gemini-2.5-Flash ( gemini )
47.0 / 0.0
—
Grok-4.1-Fast ( grok )
41.5 / 0.0
66.5 / 45.9
DeepSeek-V4-Flash ( deepseek )
94.5 / 0.5
—
GPT-5.4-Mini ( gpt )
95.5 / 14.7
99.5 / 67.8
Table 1: Baseline agreement rates (%) . Each entry reports total agreements / invalid agreements (below- β acceptance).
Figure 2: Adversary detection, misidentification, and trust separation in 2HB+2G scenarios. Shading is 95% CI.
Condition
Agree (%)↑
Surplus ↑
HB rej. (%)↓
Conv. (%)↑
R/deal ↓
Agree (%)↑
Surplus ↑
HB rej. (%)↓
Conv. (%)↑
R/deal ↓
gemini-r
No trust
47.0 ± 7.2
8.56 ± 1.29
72.3 ± 1.5
9.0 ± 1.6
12.73 ± 0.64
36.5 ± 7.4
5.02 ± 0.98
66.8 ± 3.9
20.8 ± 6.1
11.45 ± 1.41
S0.5+P
41.5 ± 6.5
7.77 ± 1.10
79.0 ± 1.6
7.8 ± 1.6
12.47 ± 0.74
31.0 ± 7.1
4.18 ± 1.06
69.3 ± 2.9
12.0 ± 5.0
11.32 ± 1.30
Srand+P
46.5 ± 6.1
8.45 ± 1.35
74.7 ± 2.0
9.6 ± 1.6
12.29 ± 0.90
33.5 ± 8.6
4.96 ± 1.42
69.0 ± 2.3
12.2 ± 2.4
10.99 ± 1.00
BRS (S)
53.0 ± 11.6
9.84 ± 2.24
69.9 ± 2.0
9.6 ± 2.0
12.81 ± 0.88
45.0 ± 7.9
6.23 ± 1.16
62.9 ± 2.0
15.3 ± 5.4
11.32 ± 0.92
BRS (S+P)
50.5 ± 5.5
9.36 ± 1.14
72.4 ± 1.3
9.2 ± 1.3
12.81 ± 0.91
46.0 ± 8.1
6.14 ± 1.06
61.9 ± 2.6
18.5 ± 4.2
10.96 ± 0.82
Rubric (S)
48.5 ± 10.4
9.03 ± 1.96
72.5 ± 2.4
8.8 ± 2.4
12.84 ± 0.77
43.0 ± 7.8
5.92 ± 1.21
68.4 ± 2.2
18.5 ± 4.7
11.81 ± 0.89
Table 2: Negotiation outcomes for 2HB+2G (left) and 1HB+3G (right). Mixed FF rows use an adversary of the other model. Bold marks each model’s best mean among same-model conditions. Shaded rows are the baselines. ± is the 95% CI. The outcome results of other models are in Appendix E.3 .
ϕ
αS
αS→P
αS+P
ΔS→P
δS→P
ΔS+P
Δtrust
αS
αS→P
αS+P
ΔS→P
δS→P
ΔS+P
Δtrust
BRS
45.5
49.0
50.5
+3.5 ± 13.8
0.06
+5.0 ± 8.3
+1.5 ± 13.1
35.5
66.0
68.5
+30.5 ± 6.8
0.47
+33.0 ± 11.5
+2.5 ± 11.6
Rubric
41.0
49.0
52.0
+8.0 ± 10.6
0.14
+11.0 ± 13.5
+3.0 ± 9.0
37.0
65.0
58.0
+28.0 ± 10.4
0.44
+21.0 ± 13.3
− 7.0 ± 9.3
FF
46.5
50.0
53.5
+3.5 ± 11.6
0.07
+7.0 ± 10.1
+3.5 ± 10.3
45.0
61.5
68.5
+16.5 ± 12.4
0.30
+23.5 ± 7.9
+7.0 ± 10.7
Table 3: Trust–agreement gap of grok-r . 2HB+2G (left) and 1HB+3G (right). Agreement rates α are in %, and differences Δ are in points ± paired 95% CI; bold marks intervals that exclude zero. Shaded columns are the lower bounds on the gap.
Figure 3: Honest parties’ acceptance rate of a proposal when their trust in the proposer is low ( <0.45 ) or high ( >0.55 ) ; the neutral band is excluded. Error bars are 95% CI. The results for other models are in Appendix E.4 .
Figure 4: Declared free-form trust criteria (2HB+2G). Each bar shows the mean share of declared weight that honest assessors give each category under S or S+P . Appendix D.1 reports all six models.
Table 4: What trust changes in the agents’ private reasoning (RQ4). Each row gives an observation and excerpts. Color indicates the assessment method and the frame line indicates the guidance.
Appendix figures & tables15 assets
Supplementary material from the paper’s appendix.
Appendix
Structural property
2HB+2G
1HB+3G
Scenarios
20
20
Packages per scenario
1,024
1,024
Honest-feasible packages, mean [range]
9.45 [8, 10]
7.50 [7, 8]
Honest-feasible share of all packages (%)
0.923
0.732
Most constrained party: HB / G / tie (%)
79.9 / 13.2 / 6.9
26.7 / 73.3 / 0.0
Option changes, ideal → nearest feasible (HB / G)
1.33 / 0.05
2.00 / 1.00
Appendix
Table 5: Structural comparison of the two fixed scenario sets. An ideal package gives an agent its highest-scoring option on every issue. Values aggregate all 20 scenarios; option changes and utility losses are role means. HB: hard bargainer, G: general agent.
Figure 5: Declared free-form trust criteria for all models. Each bar shows the mean share of declared weight that honest assessors give each category under S or S+P .
Figure 6: Adversary detection, misidentification, and trust separation of gemini-r and grok-r in 1HB+3G scenarios. Shading is 95% CI.
Figure 7: Adversary detection, misidentification, and trust separation of the other models in 2HB+2G scenarios. Shading is 95% CI.
Figure 8: Trust in honest peers and in the adversary for all models in 2HB+2G scenarios. The dotted line marks the prior of 0.5 . Shading is 95% CI.
Condition
Det. (%)↑
MisID (%)↓
Sep. ↑
Agree (%)↑
Surplus ↑
HB rej. (%)↓
Conv. (%)↑
R/deal ↓
deepseek-r
No trust
–
–
–
94.5 ± 3.1
17.46 ± 0.55
58.4 ± 3.1
31.2 ± 2.6
7.01 ± 0.53
BRS (S)
92.9 ± 4.8
2.5 ± 2.5
0.39 ± 0.05
94.0 ± 3.3
17.80 ± 0.74
54.5 ± 2.6
36.1 ± 3.1
6.37 ± 0.29
BRS (S+P)
97.4 ± 0.9
0.4 ± 0.2
0.43 ± 0.03
94.0 ± 2.3
17.70 ± 0.49
47.2 ± 3.9
44.4 ± 4.8
6.03 ± 0.58
Rubric (S)
96.3 ± 3.5
1.3 ± 1.2
0.26 ± 0.02
97.0 ± 2.5
17.99 ± 0.58
54.3 ± 2.2
34.4 ± 3.7
6.46 ± 0.28
Rubric (S+P)
93.6 ± 4.7
2.9 ± 2.8
0.24 ± 0.03
92.5 ± 3.5
17.13 ± 0.45
53.8 ± 3.2
37.1 ± 5.3
6.48 ± 0.53
FF (S)
96.3 ± 3.0
1.4 ± 1.4
0.33 ± 0.03
94.0 ± 3.7
17.69 ± 0.93
54.7 ± 2.1
32.9 ± 2.5
6.73 ± 0.54
Appendix
Table 6: Trust formation and negotiation outcomes of the other models in 2HB+2G scenarios. Det., MisID, and Sep. average all 20 episodes. Bold marks each model’s best mean. Shaded rows are the baselines. ± is the 95% CI.
Figure 9: Paired effects of trust on negotiation outcomes of the other models. Each cell compares a trust-aware condition with no trust. Agree, HB rej., and Conv. change in points, and Surplus and R/deal change in percent of the no-trust mean. Blue is better and red is worse. Black borders mark 95% CIs that exclude zero.
Figure 10: Acceptance of a proposal by trust in its proposer for the other models. Bars show honest parties’ acceptance of proposals that meet their BATNA when trust in the proposer is low ( <0.45 ) or high ( >0.55 ). Bars from fewer than three trajectories are omitted. Error bars are 95% CI.
Figure 11: Trust in the adversary by the assessing agent’s role in 2HB+2G scenarios. The dotted line marks the prior of 0.5 . Shading is 95% CI.
Figure 12: Difference between hard-bargainer and general-agent trust in the adversary. Positive values mean that hard bargainers trust the adversary more. Shading is 95% CI.
Figure 13: EMA sensitivity for the two reasoning models. The panels overlay rubric-based and free-form S and S+P conditions at λ∈{0.5,0.7,0.9} . Solid and dashed lines denote rubric-based and free-form assessment; purple/pink, blue/green, and orange/red pairs denote λ=0.5 , 0.7 , and 0.9 , with open markers for S+P . The episode signals are held fixed across decay values, and the λ=0.7 curves reproduce the observed trust states. Averaged across models, conditions, and episodes, λ=0.5 , 0.7 , and 0.9 respectively yield detection rates of 85.0% , 88.0% , and 92.2% , misidentification rates of 7.1% , 4.8% , and 3.0% , and trust separations of 0.327 , 0.304 , and 0.207 . We use λ=0.7 because it improves ranking over 0.5 while retaining 47% more separation than 0.9 .
Figure 14: EMA sensitivity across all trust-assessment and guidance conditions. Each panel extends Figure 7 by overlaying the four rubric-based/free-form and S / S+P conditions at λ∈{0.5,0.7,0.9} . Solid and dashed lines denote rubric-based and free-form assessment, respectively. Purple/pink, blue/green, and orange/red pairs denote λ=0.5 , 0.7 , and 0.9 ; within each pair, open circles mark S+P . We recompute the trust trajectories offline from the inferred episode signals while holding negotiation behavior fixed. The λ=0.7 curves reproduce Figure 7 ; the other curves show sensitivity to the decay value and do not represent negotiations conducted with those decay values.
Figure 15: Sensitivity of Grok-4.1-Fast (R) free-form trust formation to the initial trust prior. All conditions use S+P guidance. The panels report strict detection, misidentification, and trust separation after each episode for τ1∈{0.1,0.5,0.9} . The dotted references mark random adversary ranking and zero separation. The 0.1 and 0.9 conditions form the direct prior comparison; 0.5 is included as the main-paper reference. Each completed condition contains 10 independent seeds and 200 episodes; shaded bands show 95% confidence intervals across seeds.
Figure 16: BRS trust formation under different forgetting factors γ in 2HB+2G scenarios. γ=0.9 reproduces the observed trust. Shading is 95% CI.
Condition
System-level trust text
Decision-level trust text
Post-episode update
No trust
None
None
None
Rubric (S)
Visibility
Scores
Rubrics
Rubric (S+P)
Visibility + guidance
Scores + reminder
Rubrics
Free-form (S)
Visibility
Scores
Free-form judgment
Free-form (S+P)
Visibility + guidance
Scores + reminder
Free-form judgment
BRS (S)
Visibility
Scores
Bayesian
Appendix
Table 8: Composition of the experimental prompt conditions. Metrics and free-form conditions use identical negotiation-decision prompts at the same guidance level and differ only in the post-episode trust-update prompt.