Daniel L. McFadden

Daniel L. McFadden is an American economist, who was awarded the Nobel Prize for Economics in 2000 for his contribution to the development of theory and methods for analyzing discrete choices.

Personal, career and Academic profiles

Daniel L. McFadden was born on 29th July, 1937 in Raleigh, NC, USA.

Daniel L. McFadden is an American economist, who was awarded the Nobel Prize for Economics in 2000 for his contribution to the development of theory and methods for analyzing discrete choices.

Personal, career and Academic profiles

Daniel L. McFadden was born on 29th July, 1937 in Raleigh, NC, USA.

Education

• 1957: Daniel L. McFadden completed his B.S. in Physics with Distinction from University of Minnesota
• 1962: McFadden was awarded PhD in Behavioral Science (Economics) from University of Minnesota

Academic engagements [br]

• 1957-58: During this period, McFadden was engaged as the Instructor of Physics in University of Minnesota
• 1959-60: McFadden became the Research Assistant of Social Psychology in University of Minnesota
• 1961-62: He became the Instructor of Economics in University of Minnesota
• 1962-63: During this period, McFadden became the Assistant Professor of Economics in University of Pittsburgh 
• 1963-66 : He was the Assistant Professor of Economics in University of California, Berkeley
• 1966-68: During this period of time McFadden engaged as the Associate Professor of Economics in University of California, Berkeley
• 1966-67: He was engaged as the Visiting Associate Professor of University of Chicago
• 1968-79: McFadden worked as the Professor of Economics in University of California, Berkeley
• 1977-78 : He was the Irving Fisher Research Professor in Yale University
• 1978-1991: In this period of time, McFadden was engaged as the Professor of Economics in Massachusetts Institute of Technology
• 1986-88: He served as the Director in Statistics Center of Massachusetts Institute of Technology
• 1990: He became the Sherman Fairchild Distinguished Scholar in California Institute of Technology
• Some of the Honors and awards received by Daniel L. McFadden
• 1975: McFadden awarded the John Bates Clark Medal from American Economics Association
• 1977: He was elected to American Academy of Arts and Sciences
• 1979: He became the Fisher-Schultz Lecture of Econometrics Society
• 1981: McFadden awarded the Outstanding Teacher Award from MIT and elected to National Academy of Science
• 1986: McFadden was honored with Frisch Medal from Econometrics Society
• 2000: He was rewarded with Nemmers Prize in Economics from Northwestern University
• 2000: He was awarded the Nobel Prize in Economics
• 2003: McFadden was honored with Honorary Degree from University College, London
• 2006: He became the Member of American Philosophical Society

Theories propounded

People will remember Daniel L. McFadden for his contribution to the development of theory and methods for analyzing discrete choice. People will also remind Daniel L. McFadden for his groundbreaking work on micro-econometrics. His works can also be used in the analysis of individual behavior. As a whole, McFadden’s work can be defined as the combination of economic theory, statistical methods, and empirical applications, which can be used as the resolution of social problems.

Some of the areas of research interests include savings behavior, housing mobility, demographic trends, sampling theory, production theory and consumer theory.

Major Works and publications [br]

• 2003 (with P. Adams, M. Hurd, A. Merrill, and T. Ribeiro): “Healthy, Wealthy, and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status”
• 2003 (with L.Gan and M. Hurd): “Individual Subjective Survival Curves,” NBER Working Paper
• 2004: “The New Science of Pleasure”
• 2005 (with A. Bemmaor, F. Caro, J. Dominitz, B. Jun, A. Lewbel, R. Matzkin, F. Molinari, N. Schwarz, R. Willis and J. Winter): “Statistical Analysis of Choice Experiments and Surveys”
• 2006(with J. Winter and F. Heiss): Who Failed to Enroll in Medicare Part D, and Why? Early Results Health Affairs
• 2006 (with J. Winter, R. Balza, F. Caro, F. Heiss, B. Jun and R. Matzkin): “Medicare prescription drug coverage: Consumer information and preferences”