Highly aggregate (makes an abstraction from multiple events and individuals) |
Highly disaggregate (based on actions of individual agents and their interactions with other agents) |
Broad boundary |
Narrow boundary |
Perfect mixing assumption |
Heterogeneity in agent attributes |
Small number of parameters |
Large number of parameters |
Computationally efficient |
Computationally intensive |
Continuous time |
Discrete time |
Does not capture spatial dynamics or stochastic effects |
Captures spatial dynamics or stochastic effects |
Evaluation of what-if scenarios |
Observing patterns of emerging behavior |