Daniel Little McFadden (born July 29, 1937) 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".[2] 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.
Daniel McFadden | |
|---|---|
 McFadden in 2014 | |
| Born | July 29, 1937[1] Raleigh, North Carolina, U.S. |
| Nationality | American |
| Alma mater | University of Minnesota |
| Known for | Discrete choice |
| Awards | John Bates Clark Medal (1975) Frisch Medal (1986) Erwin Plein Nemmers Prize in Economics (2000) Nobel Memorial Prize in Economic Sciences (2000) |
| Scientific career | |
| Fields | Econometrics |
| Institutions | University of California, Berkeley Massachusetts Institute of Technology University of Southern California University of Chicago |
| Doctoral advisor | Leonid Hurwicz |
| Doctoral students | |
| Academic background | |
| Thesis | Factor Substitution in the Economic Analysis of Production (1962) |
Early life and education
editMcFadden was born on July 29, 1937, 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.[3]
Career
editIn 1964, McFadden joined the faculty of University of California, Berkeley, focusing his research on choice behavior and the problem of linking economic theory and measurement. In 1974, he introduced conditional logit analysis.[4]
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. He won the Erwin Plein Nemmers Prize in Economics in 2020 and was elected to the American Philosophical Society in 2006.[5]
In January 2011, McFadden was appointed the Presidential Professor of Health Economics at the University of Southern California (USC), which entails a joint appointment in the Department of Economics and the Price School of Public Policy.[6]
See also
editReferences
edit- ^ "Daniel L. McFadden". The Nobel Prise. The Nobel Foundation. Retrieved 21 February 2022.
- ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000". Nobelprize.org. Retrieved October 16, 2007.
- ^ "All Laureates in Economics". Nobelprize.org. 2007. Retrieved October 16, 2007.
- ^ McFadden, Daniel F. (1974). "Conditional Logit Analysis of Qualitative Choice Behavior" (PDF). Archived (PDF) from the original on 2000-09-30. Retrieved October 25, 2019.
- ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-05-25.
- ^ "Nobel Winner, Dr. McFadden, Appointed Presidential Professor at USC". usc.edu. Archived from the original on January 15, 2011. Retrieved January 10, 2011.
External links
edit- Daniel McFadden's homepage
- Daniel McFadden on Nobelprize.org includes the Prize Lecture 8 December 2000 Economic Choices
- 2000 Nemmers Prize in Economics
- "Daniel L. McFadden (1937– )". The Concise Encyclopedia of Economics. Library of Economics and Liberty (2nd ed.). Liberty Fund. 2008.
- IDEAS/RePEc
