In practical applications of micro simulation models very little is usually known about the properties of the simulated … values. This paper argues that we need to apply the same rigorous standards for inference in micro simulation work as in … scientific work generally. If not, then micro simulation models will loose in credibility. The paper first discusses how the …

This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We …

; simulation …

Since the influential survey by Windrum et al. (2007), research on empirical validation of agent-based models in … stock of such recent literature to offer an updated critical review of existing validation techniques. We sketch a simple … theoretical framework that conceptualizes existing validation approaches, which we discuss along three different dimensions: (i …

We propose a general protocol for calibration and validation of complex simulation models by an approach based on … theoretical model, another estimated from a set of observed data. Validation is conceived as a measure of matching between the …