Book Chapter

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

By Matteo Richiardi, Justin van de Ven and Patryk Bronka

Edited by Jenna Bednar, Eric Beinhocker, Maria del Rio-Chanona, J.Doyne Farmer, Jagoda Kaszowska-Mojsa, François Lafond, Penny Mealy, Marco Pangallo and Anton Pichler

Publication details

Publication date
Series or book
The economy as an evolving complex system IV
Series or chapter number
Ch. 7
Publisher
SFI Press
View on sfipress.org

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.

Topics