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| Title: | | A practical guide to inference in simulation models  |
| Authors: | | Brenner, Thomas Werker, Claudia |
| Issue Date: | | 2006 |
| Series/Report no.: | | Papers on economics and evolution 0602 |
| Abstract: | | This paper introduces a categorization of simulation models. It provides an explicit overview of the steps that lead to a simulation model. We highlight the advantages and disadvantages of various simulation approaches by examining how they advocate different ways of constructing simulation models. To this end, it discusses a number of relevant methodological issues, such as how realistic simulation models are obtained and which kinds of inference can be used in a simulation approach. Finally, the paper presents a practical guide on how simulation should and can be conducted. |
| Subjects: | | Methodology Simulation Models Practical Guide |
| JEL: | | B41 B52 C63 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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