McFadden, Daniel Little
McFadden, Daniel Little, 1937–, American economist, b. Raleigh, N.C., Ph.D. Univ. of Minnesota, 1962. McFadden has taught at the Univ. of California, Berkeley (1963–79, 1990–) and the Massachusetts Institute of Technology (1978–91). He shared the Nobel Memorial Prize in Economic Science with James Heckman in 2000 for their work in developing theories and methods to analyze individual choice and household behavior. McFadden, in particular, was cited for his analysis of and methodology for studying discrete choice (choice among a limited number of exclusive alternatives), and for other contributions to econometrics and environmental economics.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
See more Encyclopedia articles on: Economics: Biographies