Editing Daniel McFadden

{{short description|American economist}}
{{Infobox scientist
| name              = Daniel McFadden
| image             = Daniel McFadden 01.JPG
| image_size        = 200px
| caption           = McFadden in 2014
| birth_date        = {{Birth date and age|1937|7|29|mf=y}}<ref name="nobel">{{cite web |title=Daniel L. McFadden |url=https://www.nobelprize.org/prizes/economic-sciences/2000/mcfadden/facts/ |website=The Nobel Prise |publisher=The Nobel Foundation |access-date=21 February 2022}}</ref>
| birth_place       = [[Raleigh, North Carolina]], U.S.
| nationality       = American
| field             = [[Econometrics]]
| work_institution  = [[University of California, Berkeley]]<br />[[Massachusetts Institute of Technology]]<br />[[University of Southern California]]<br />[[University of Chicago]]
| alma_mater        = [[University of Minnesota]]
| doctoral_advisor  = [[Leonid Hurwicz]]
| doctoral_students = {{plainlist|1=
*[[Axel Börsch-Supan]]
*[[Philip J. Cook]]
*[[Walter Erwin Diewert]]
*[[Jonathan Feinstein]]
*[[Donald J. Harris]]
*[[Fred Mannering]]
*[[John Rust]]
*[[Kenneth E. Train]]
*[[Hal Varian]]
*[[Clifford Winston]]
}}
| known_for         = [[Discrete choice]]
| prizes            = [[John Bates Clark Medal]] (1975)<br />[[Frisch Medal]] (1986)<br />[[Erwin Plein Nemmers Prize in Economics]] (2000)<br />[[Nobel Memorial Prize in Economic Sciences]] (2000)
| module2           = 
  {{Infobox academic | child=yes
  | thesis_title       = Factor Substitution in the Economic Analysis of Production
  | thesis_url         = https://www.proquest.com/docview/302094888/
  | thesis_year        = 1962
  }}
}}

'''Daniel Little McFadden''' (born July 29, 1937) is an American [[econometrics|econometrician]] who shared the 2000 [[Nobel Memorial Prize in Economic Sciences]] with [[James Heckman]]. McFadden's share of the prize was "for his development of theory and methods for analyzing [[Discrete Choice Modelling|discrete choice]]".<ref>{{cite web |title= The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000 |publisher=Nobelprize.org |url=http://nobelprize.org/nobel_prizes/economics/laureates/2000/index.html |access-date=October 16, 2007}}</ref> He is the Presidential Professor of Health Economics at the [[University of Southern California]] and Professor of the Graduate School at [[University of California, Berkeley]].

==Early life and education==
McFadden was born on July 29, 1937, in [[Raleigh, North Carolina]]. He attended the [[University of Minnesota]], where he received a [[Bachelor of Science|B.S.]] in [[Physics]], and a [[Doctor of Philosophy|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.<ref name = laureates>{{cite web  |title=All Laureates in Economics |publisher= Nobelprize.org   |year=2007  |url=http://nobelprize.org/nobel_prizes/economics/laureates/index.html |access-date=October 16, 2007 }}</ref>

==Career==
In 1964, McFadden joined the faculty of [[University of California, Berkeley]], focusing his research on choice behavior and the problem of linking economic theory and measurement. In 1974, he introduced [[conditional logit analysis]].<ref>{{cite web |url=http://elsa.berkeley.edu/reprints/mcfadden/zarembka.pdf |archive-url=https://web.archive.org/web/20000930184623/http://elsa.berkeley.edu/reprints/mcfadden/zarembka.pdf |archive-date=2000-09-30 |url-status=live |title=Conditional Logit Analysis of Qualitative Choice Behavior |year=1974 |last=McFadden |first=Daniel F. |access-date=October 25, 2019 }}</ref>
 
In 1975, McFadden won the [[John Bates Clark Medal]]. In 1977, he moved to the [[Massachusetts Institute of Technology]]. In 1981, he was elected to the [[United States National Academy of Sciences|National Academy of Sciences]].

He returned to Berkeley in 1991, founding the Econometrics Laboratory, which is devoted to statistical computation for economics applications. He is a trustee of the [[Economists for Peace and Security]]. He won the [[Erwin Plein Nemmers Prize in Economics]] in 2020 and was elected to the [[American Philosophical Society]] in 2006.<ref>{{Cite web|title=APS Member History|url=https://search.amphilsoc.org/memhist/search?creator=Daniel+L.+McFadden&title=&subject=&subdiv=&mem=&year=&year-max=&dead=&keyword=&smode=advanced|access-date=2021-05-25|website=search.amphilsoc.org}}</ref>

In January 2011, McFadden was appointed the Presidential Professor of Health Economics at the [[University of Southern California]] (USC), which entails a joint appointment in the Department of Economics and the [[USC Price School of Public Policy|Price School of Public Policy]].<ref>{{cite web |title=Nobel Winner, Dr. McFadden, Appointed Presidential Professor at USC |publisher=usc.edu |url=http://uscnews.usc.edu/university/nobel_winner_appointed_presidential_professor.html |access-date=January 10, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110115034932/http://uscnews.usc.edu/university/nobel_winner_appointed_presidential_professor.html |archive-date=January 15, 2011 }}</ref>

==Political views==
In June 2024, 16 [[Nobel Memorial Prize in Economic Sciences|Nobel Prize in Economics]] laureates, including McFadden, signed an open letter arguing that [[Donald Trump]]’s fiscal and trade policies coupled with efforts to limit the [[Federal Reserve]]'s independence would reignite inflation in the United States.<ref>{{cite news |last=Nichols |first=Hans |date=June 25, 2024 |title=Scoop: 16 Nobel economists see a Trump inflation bomb |url=https://www.axios.com/2024/06/25/nobel-prize-winners-biden-economy-trump-inflation |access-date=June 26, 2024 |website=Axios |publisher=Cox Enterprises}}</ref><ref>{{cite news |last=Picciotto |first=Rebecca |date=June 25, 2024 |title=Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation |url=https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html |access-date=June 26, 2024 |publisher=CNBC |archive-date=June 26, 2024 |archive-url=https://web.archive.org/web/20240626002547/https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html |url-status=live}}</ref><ref>{{Cite web |last=Picchi |first=Aimee |date=June 25, 2024 |title=16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation |url=https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/ |url-status=live |archive-url=https://web.archive.org/web/20240709175720/https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/ |archive-date=July 9, 2024 |access-date=July 12, 2024 |website=www.cbsnews.com |language=en-US |quote=Trump's policies could prove to be inflationary, other economists also warned, such as his proposal to create a 10% across-the-board tariff on all imports to deporting immigrants. The tariff plan would add $1,700 in annual costs for the typical U.S. household, essentially acting as an inflationary tax, according to experts at the Peterson Institute for International Economics.}}</ref>

==See also==
* [[List of economists]]

==References==
{{Reflist}}

==External links==
* [http://emlab.berkeley.edu/users/mcfadden/ Daniel McFadden's homepage]
* {{Nobelprize|namn=Daniel L. McFadden}} includes the Prize Lecture 8 December 2000 ''Economic Choices''
* [https://web.archive.org/web/20060222123808/http://www.northwestern.edu/provost/awards/nemmers/nemprecon.html#mcfadden 2000 Nemmers Prize in Economics]
* {{Cite encyclopedia |title=Daniel L. McFadden (1937– ) |url=http://www.econlib.org/library/Enc/bios/McFadden.html |encyclopedia=[[The Concise Encyclopedia of Economics]] |edition=2nd |series=[[Library of Economics and Liberty]] |publisher=[[Liberty Fund]] |year=2008 }}
* [https://ideas.repec.org/e/pmc7.html IDEAS/RePEc]

{{s-start}}
{{s-ach|aw}}
{{s-bef | before = [[Robert A. Mundell]] }}
{{s-ttl | title = [[List of Nobel Memorial Prize laureates in Economics|Laureate of the Nobel Memorial Prize in Economics]] | years = 2000 | alongside = [[James J. Heckman]] }}
{{s-aft | after = [[George A. Akerlof]] | after2 = [[A. Michael Spence]] | after3 = [[Joseph E. Stiglitz]] }}
{{s-aca}}
{{s-bef | before = [[Martin Feldstein]] }}
{{s-ttl | title = [[American Economic Association#Association presidents|President]] of the [[American Economic Association]] | years = 2005–2006 }}
{{s-aft | after = [[George Akerlof]] }}
{{s-end}}

{{Nobel laureates in economics 1976-2000}}
{{2000 Nobel Prize winners}}
{{Presidents of the Econometric Society}}
{{Presidents of the American Economic Association}}
{{John Bates Clark Medal recipients}}
{{Frisch Medal recipients}}

{{Authority control}}

{{DEFAULTSORT:McFadden, Daniel}}
[[Category:1937 births]]
[[Category:Living people]]
[[Category:Members of the United States National Academy of Sciences]]
[[Category:American econometricians]]
[[Category:American health economists]]
[[Category:Economists from North Carolina]]
[[Category:American Nobel laureates]]
[[Category:Nobel laureates in Economics]]
[[Category:University of Minnesota College of Science and Engineering alumni]]
[[Category:University of California, Berkeley faculty]]
[[Category:Massachusetts Institute of Technology School of Science faculty]]
[[Category:University of Southern California faculty]]
[[Category:People from Raleigh, North Carolina]]
[[Category:20th-century American economists]]
[[Category:21st-century American economists]]
[[Category:Fellows of the Econometric Society]]
[[Category:Presidents of the Econometric Society]]
[[Category:Fellows of the Earhart Foundation]]
[[Category:Presidents of the American Economic Association]]
[[Category:Distinguished fellows of the American Economic Association]]
[[Category:National Bureau of Economic Research]]
[[Category:Members of the American Philosophical Society]]