What is the definition of the core of microsimulation

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Question: Chapter 14 - According to Troitzsch (2005), microsimulation could be described as a form of variant and social simulation that can be seen to be located between and contrasted with system dynamics - with a macro focus and low complexity - on one side, and agent-based modeling - with a behavioral focus often relying on notional rules - on the other (Gilbert and Troitzsch, 2005). Following these collective research revelations by these authors who share the same ideas, what is the definition of the core of microsimulation?

According to Gilbert and Troitzsch (2015) what is the definition of the core of microsimulation from this context?

Identify and name the definition of the core of microsimulation,

provide a clear narrative to support your response based of this case study - Not a general definition from the Internet.

Reference no: EM132586330

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