Process / pipelineSimulation / optimization
Agent-Based Microsimulation
Agent-based microsimulation (ABMS) merges traditional microsimulation's individual-level statistical tracking with agent-based modeling's behavioral rules and interaction mechanisms. It creates virtual populations of heterogeneous agents who evolve over time according to transition probabilities, adaptive behaviors, and social interactions, producing emergent system-level outcomes from micro-level dynamics.
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Sources
- Birkin, M., & Clarke, M. (2012). The enhancement of spatial microsimulation models using geodemographics. Annals of Regional Science, 49(2), 515–532. DOI: 10.1007/s00168-011-0472-2 ↗
- Orcutt, G. H. (1957). A new type of socio-economic system. The Review of Economics and Statistics, 39(2), 116–123. DOI: 10.2307/1928528 ↗