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Research: Types of Microsimulation
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: Arithmetical microsimulation, Behavioral microsimulation, Static simulation models, and Dynamically aging microsimulation models.
Elaborate on each type of microsimulation. Make sure to provide at least one example for types of microsimulation.
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