Back to the future: agent-based modeling and dynamic microsimulation

Publication type

Book Chapter

Series Number

Ch. 7

Series

The economy as an evolving complex system IV

Authors

Editors

Publication date

December 16, 2025

Summary:

We look at 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. Our 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.

Subjects

Link

https://www.sfipress.org/eecs-iv-07?rq=The%20Economy%20as%20an%20Evolving%20Complex%20System%20IV

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