Daniel Little McFadden (born July 29, 1937) is an American

econometrician Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

who shared the 2000

Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...

with

James Heckman James Joseph Heckman (born April 19, 1944) is a Nobel Prize-winning American economist at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Professor at the Harris School of Pu ...

. McFadden's share of the prize was "for his development of theory and methods for analyzing

discrete choice In economics, discrete choice models, or qualitative choice models, describe, explain, and predict choices between two or more discrete alternatives, such as entering or not entering the labor market, or choosing between modes of transport. Such ...

". He is the Presidential Professor of Health Economics at the

University of Southern California The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in C ...

and Professor of the Graduate School at

University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...

Early life and education

McFadden was born on July 29, 1937 in

Raleigh, North Carolina Raleigh (; ) is the capital city of the state of North Carolina and the List of North Carolina county seats, seat of Wake County, North Carolina, Wake County in the United States. It is the List of municipalities in North Carolina, second-most ...

. He attended the

University of Minnesota The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Tw ...

, where he received a

B.S. A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University ...

Physics Physics is the natural science that studies matter, its fundamental constituents, its motion and behavior through space and time, and the related entities of energy and force. "Physical science is that department of knowledge which r ...

, and a

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

in Behavioral Science (Economics) five years later (1962). While at the University of Minnesota, his graduate advisor was

Leonid Hurwicz Leonid Hurwicz (; August 21, 1917 – June 24, 2008) was a Polish-American economist and mathematician, known for his work in game theory and mechanism design. He originated the concept of incentive compatibility, and showed how desired outcomes ...

, who was awarded the Economics Nobel Prize in 2007.

Career

In 1964 McFadden joined the faculty of

, 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 The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the ...

. In 1977 he moved to the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

. In 1981 he was elected to the

National Academy of Sciences The National Academy of Sciences (NAS) is a United States nonprofit, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the Nati ...

. 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 Economists for Peace and Security (EPS) is a New York-based, United Nations accredited and registered global organization and network of thought-leading economists, political scientists, and security experts founded in 1989 that promotes non-militar ...

. In 2000 he won the

Erwin Plein Nemmers Prize in Economics The Erwin Plein Nemmers Prize in Economics is awarded biennially from Northwestern University. It was initially endowed along with a companion prize, the Frederic Esser Nemmers Prize in Mathematics. Both are part a $14 million donation from the Nem ...

and was elected to the

American Philosophical Society The American Philosophical Society (APS), founded in 1743 in Philadelphia, is a scholarly organization that promotes knowledge in the sciences and humanities through research, professional meetings, publications, library resources, and communit ...

in 2006. In January 2011 McFadden was appointed the Presidential Professor of Health Economics at the

(USC), which entails a joint appointment in the Department of Economics and the Price School of Public Policy.

References

External links

Daniel McFadden's homepage
* includes the Prize Lecture 8 december 2000 ''Economic Choices''

*

{{DEFAULTSORT:McFadden, Daniel 1937 births Living people Members of the United States National Academy of Sciences Econometricians Health economists Economists from North Carolina American Nobel laureates Nobel laureates in Economics University of Minnesota College of Science and Engineering alumni University of California, Berkeley faculty Massachusetts Institute of Technology School of Science faculty University of Southern California faculty People from Raleigh, North Carolina 20th-century American economists 21st-century American economists Fellows of the Econometric Society Presidents of the Econometric Society Earhart Foundation Fellows Presidents of the American Economic Association Distinguished Fellows of the American Economic Association National Bureau of Economic Research Members of the American Philosophical Society

Early life and education

Career

See also

References

External links