McFadden, Daniel Little

Daniel Little McFadden, 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.

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Publication information: Article title: McFadden, Daniel Little. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2012.

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