A Review of Microsimulation and Hybrid Agent-Based Approaches

Birkin, Mark and Wu, Belinda (2012) A Review of Microsimulation and Hybrid Agent-Based Approaches. In: Agent-Based Models of Geographical Systems. Springer, pp. 51-68. ISBN 978-90-481-8926-7

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Abstract

In this chapter we introduce an approach to individual based modelling of social and economic systems. Microsimulation models (MSM) appear similar to ABM through the representation of individual decision-making units, but there is a significant variation of emphasis between the two approaches. MSM are typically stochastic or rule-based, and with a strong applied policy focus. These characteristics are explored and elaborated through a number of examples. While MSM are often very rich in their representation of 'structures', ABM are usually better tuned to the analysis of 'behaviours'. We therefore argue that there is a strong logic to considering the MSM and ABM approaches as complementary and to begin a search for hybrids which might combine the best features of both approaches.

Item Type:Book Section
Subjects:5. Quantitative Data Handling and Data Analysis > 5.9 Spatial Data Analysis
5. Quantitative Data Handling and Data Analysis > 5.13 Simulation
ID Code:2238
Deposited By: TALIS User
Deposited On:14 Mar 2012 15:45
Last Modified:14 Jun 2012 11:35

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