Abstract:
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.
Citation:
Richiardi, M., & van de Ven, J. (2026), 'Back to the Future: Agent-Based Modeling and Dynamic Microsimulation', In 'The Economy as an Evolving Complex System IV', pp. 223–247, SFI Press, https://doi.org/10.37911/9781947864665.08