University of Chicago Professor Adds Name to Nobel Laureates

By Comerford, Mike | Daily Herald (Arlington Heights, IL), October 12, 2000 | Go to article overview

University of Chicago Professor Adds Name to Nobel Laureates


Comerford, Mike, Daily Herald (Arlington Heights, IL)


University of Chicago economics professor James Heckman on Wednesday became the university's eighth winner of the Nobel Prize in economics since 1990 on the strength of his statistical feats, including the landmark "Heckman's correction" - which statistically corrects for unknowns in the way people behave.

Casting a statistical light on how people make decisions on where to live, and how much to work and play, Heckman and University of California-Berkeley's Daniel McFadden are sharing this year's top international economics purse of $915,000.

Their work, "is the basis for the way people analyze anything that affects choice," said Richard Layard, professor of economics at the London School of Economics. "It helps us work out whether you do something or not, from whether you get married to whether you smoke."

Gary Becker, a 1992 Nobel Prize in economics winner from the University of Chicago, said Wednesday that the choice of Heckman shows that the South Side university is the dominant economics department in the world.

"If it makes people read my work more, then that's fine," said Heckman, 56, who was on a trip to Rio de Janeiro, Brazil, on Wednesday.

DePaul University's Professor of Economics William Sander said he still is using the "Heckman Correction" methodology which was first developed in 1979.

"It allows you to take into consideration unobserved aspects of behavior," Sander said.

Heckman first used his theory to explain how married women decide when to work and how much. But he has since developed other statistical ways of explaining how the work force trains and how effectively. One study found early childhood education is a better predictor of workplace effectiveness than adult training. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

University of Chicago Professor Adds Name to Nobel Laureates
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.