Daniel McFadden
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 | |
|---|---|
| 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 |
| Doctoral advisor | Leonid Hurwicz |
| Doctoral students | |
Early life and education
McFadden 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
In 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. In 2000 he won the Erwin Plein Nemmers Prize in Economics 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
References
- ^ "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). Retrieved October 25, 2019.
- ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-05-25.
- ^ . usc.edu. Archived from the original on January 15, 2011. Retrieved January 10, 2011.
External links
- Daniel McFadden's homepage
- Daniel McFadden on Nobelprize.org includes the Prize Lecture 8 december 2000 Economic Choices
- "Daniel L. McFadden (1937– )". The Concise Encyclopedia of Economics. Library of Economics and Liberty (2nd ed.). Liberty Fund. 2008.
- IDEAS/RePEc