Types of microsimulation 2023 Business Finance

2023 As noted by Janssen Wimmer and Deljoo 2015 microsimulation has a macro focus


As noted by Janssen, Wimmer, and Deljoo (2015), microsimulation has a macro focus and low complexity while having an agent-based modeling with a behavioral focus that often relies on national rules. 

Janssen, Wimmer, and Deljoo (2015) mentions the following types of microsimulations: 

1) Elaborate on each type of microsimulation.

2) Provide at least one example for types of microsimulation.

a) Arithmetical microsimulation, 

b) Behavioral microsimulation, 

c) Static simulation models, 

d) Dynamically aging microsimulation models.

Reference: Janssen, M., Wimmer, M. A., & Deljoo, A. (Eds.). (2015). Policy practice and digital science: Integrating complex systems, social simulation and public administration in policy research (Vol. 10).

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