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Daniel McFadden
1937-
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complete name  Daniel McFadden
nobel prize  economics
award year  2000
together with  James Heckman
prize share  Prize share: 1/2
rational  The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000 was divided equally between James J. Heckman "for his development of theory and methods for analyzing selective samples" and Daniel L. McFadden "for his development of theory and methods for analyzing discrete choice."
biography  Biography
laureate facts  Facts
given name  Daniel
family name  McFadden
occupation  professor
occupation  economist
occupation  university teacher
field of work  economics
work location  Massachusetts Institute of Technology, 77 Massachusetts Avenue, Cambridge, MA, 02139-4307, United States of America
description  Daniel McFadden is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the prize was "for his development of theory and methods for analyzing discrete choice". He is the Presidential Professor of Health Economics at the University of Southern California and Professor of the Graduate School at University of California, Berkeley. McFadden was born in Raleigh, North Carolina. He attended the University of Minnesota, where he received a B.S. in Physics, and a Ph.D. in Behavioral Science (Economics) five years later (1962). While at the University of Minnesota, his graduate advisor was Leonid Hurwicz, who was awarded the Economics Nobel Prize in 2007. In 1964 McFadden joined the faculty of UC Berkeley, focusing his research on choice behavior and the problem of linking economic theory and measurement. In 1974 he introduced Conditional logit analysis. In 1975 McFadden won the John Bates Clark Medal. In 1977 he moved to the Massachusetts Institute of Technology. In 1981 he was elected to the National Academy of Sciences. He returned to Berkeley in 1991, founding the Econometrics Laboratory, which is devoted to statistical computation for economics applications. He remains its director. He is a trustee of the Economists for Peace and Security. In 2000 he won the Erwin Plein Nemmers Prize in Economics. In January 2011 McFadden was appointed the Presidential Professor of Health Economics at the University of Southern California (USC), and the announcement of this appointment was published on January 10, 2011. McFadden will have joint appointments at the USC Price School of Public Policy and the Department of Economics at the USC Dana and David Dornsife College of Letters, Arts and Sciences to examine fundamental problems facing the health care sector, looking specifically at how consumers make choices about health insurance and medical services.
image copyright  Photo from the Nobel Foundation archive.
image citation  The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000. NobelPrize.org. Nobel Media AB 2018. <https://www.nobelprize.org/prizes/economic-sciences/2000/summary/>
date birth  1937
usual name  Daniel McFadden