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Health Economics Wiki
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Microsimulation

An individual-level simulation model that tracks each patient separately and allows for patient heterogeneity.

Definition

Microsimulation (also called individual patient simulation) models each patient as a distinct entity with their own characteristics and random event draws. Unlike cohort Markov models, microsimulation can capture memory (prior history affecting future events), heterogeneity, and complex interaction effects. It is computationally intensive but provides greater realism for diseases where individual history matters.

Canonical Identity

Version
1.0.0
Published
4/26/2026
Structured Data
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