Back to the future: Agent-based modelling and dynamic microsimulation

Publication type

CeMPA Working Paper Series

Series Number

CEMPA8/23

Series

CeMPA Working Paper Series

Authors

Publication date

December 1, 2023

Abstract:

In this chapter we focus on the commonalities and differences between agent-based and dynamic microsimulation analytical approaches. Starting from a shared history, we discuss how the two literatures quickly diverged. Discussion concludes with evidence of some recent convergence between agent-based and dynamic microsimulation methods, and emerging opportunities for mutual reinforcement of the two methodologies.

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