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 HeckmanHeckman, James Joseph,
1944– American economist, b. Chicago, Ill., Ph.D. Princeton, 1971. He has taught at the Univ. of Chicago since 1973. Heckman shared the Nobel Memorial Prize in Economic Science with Daniel McFadden in 2000 for their work in developing theories and
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 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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