Everything about Daniel Mcfadden totally explained
Daniel Little "Dan" McFadden (born
July 29,
1937) is an
econometrician who won (jointly with
James Heckman) the
2000 Nobel Prize in Economics; McFadden's share of the prize was "for his development of theory and methods for analyzing
discrete choice,". He is currently the E. Morris Cox Professor of Economics at the
University of California, Berkeley.
McFadden was born in
Raleigh, North Carolina. He attended the
University of Minnesota, where he received a
B.S. in
Physics at age 19, 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.
In
1964, McFadden joined the faculty of UC Berkeley and focused his research in areas including choice behavior and the problem of linking economic theory and measurement. He won the
John Bates Clark Medal in
1975 and the
Erwin Plein Nemmers Prize in Economics in
2000. He was elected to the
National Academy of Sciences in
1981. In
1977, he moved to the
Massachusetts Institute of Technology, but returned to Berkeley in 1991. After his return, McFadden founded 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.
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