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What is the difference between Role Playing and Simulation?

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As mentioned in the video, please give your opinion on the question of this forum.

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Tamara Milanović
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Not sure what is the detailed diference between these two but here is how I understand it.

Role Play means that students are acting out a situation by playing different roles.

And simulation is more an imitation of the process, it is closer to reality then role play, and the participants have to "bare consequences" of their choices along the process.