Daniel McFadden

@University Of Minnesota, Facts and Family ★ ★ ★ ★ ★ Daniel Little McFadden is an American economist and the co-recipient of the 2000 ‘Nobel Memorial Prize in Economic Sciences’ American University Of Minnesota Intellectuals & Academics Economists Leo Celebrities Daniel Little McFadden is an American economist and the co-recipient of the 2000 ‘Nobel Memorial Prize in Economic Sciences’ along with American economist James Heckman. He received the award for developing the theory and methods applied for analyzing behaviour of individuals or household called ‘discrete choice’ in comprehending the way people make choices regarding where to work, where to live, or when to marry. The fields he concentrated for his research work included economic theory, environmental economics, mathematical economics, econometrics, and health economics. He introduced the method of Conditional logit analysis that analyse the way individuals make choices among finite options to get maximum utility. An early transistorized computer and an X-ray telescope were also designed and developed by him. He took the ‘James Killian Chair in Economics’ at ‘Massachusetts Institute of Technology’ (‘MIT’) and also served as director of its ‘Statistics Research Centre’. He founded the Econometrics Laboratory at ‘University of California’, Berkeley in the early 1990s and till date serves as its director. Presently he serves the ‘University of California’, Berkeley as Professor of the Graduate School. McFadden is also associated with the ‘University of Southern California’ as Presidential Professor of Health Economics. He provides his services at the Department of Economics of ‘USC Dana and David Dornsife College of Letters, Arts and Sciences’ and also at ‘USC Price School of Public Policy’ to study basic problems of the health care sector, focussing particularly at the way consumers make choices regarding health insurance and medical services. He received ‘John Bates Clark Medal’ in 1975, ‘Frisch Medal’ from ‘Econometric Society’ in 1986 and ‘Erwin Plein Nemmers Prize in Economics’ from ‘Northwestern University’ in 2000.

Personal Details

Birthday: July 29, 1937 Nationality: American Famous: University Of Minnesota, Intellectuals & Academics, Economists Spouses: Beverlee Tito Simboli Known as: Daniel Little McFadden Childrens: Nina, Raymond, Robert Universities: University Of Minnesota University of Minnesota Information Detail Birthday July 29, 1937 Nationality American Famous University Of Minnesota, Intellectuals & Academics, Economists Spouses Beverlee Tito Simboli Known as Daniel Little McFadden Childrens Nina, Raymond, Robert Universities University Of Minnesota University of Minnesota Notable Alumnis University Of Minnesota Birth Place Raleigh, North Carolina, U.S. Height 191cm Gender Male Father Robert Sain McFadden Mother Alice Little McFadden Sun Sign Leo Born in Raleigh, North Carolina, U.S. Famous as Economist

Raleigh, North Carolina, U.S.

Daniel McFadden born at Unsplash Birth Place

In 1962 he married photographer Beverlee Tito Simboli with whom he has three children, Nina, Raymond and Robert. Nina, a BA in child psychology works in a corporation in Tucson, Arizona as an executive chef. Raymond, an MBA from ‘University of California’, Berkeley oversees software development at the ‘Excite AtHome Company’ while Robert, a Ph.D in material science from ‘Carnegie-Mellon University’ leads a research team in Intel research labs. Unsplash Personal Life

McFadden has three grandchildren - Daniel William, Anne and Emily. Unsplash Personal Life

One of his prime interests lies in farming and he and his wife own a small farm/vineyard in the Napa Valley where they have livestock and grow and sell figs, olives, and grapes. They also produce and sell olive oil and wine. Unsplash Personal Life

He was born on July 29, 1937, in Raleigh, North Carolina, US, to Robert Sain McFadden and Alice Little McFadden as their eldest son. Unsplash Childhood & Early Life

He was raised in a family farm in rural North Carolina where the family grew most of their food and also sold hay, corn, peanuts, cottage cheese and butter. While his mother was a mathematics teacher in a high school, his father was an avid reader and collector of books with a library of his own. Unsplash Childhood & Early Life

McFadden did his schooling from the public schools of North Carolina and with the aid of his mother he completed correspondence courses in geometry and algebra. Unsplash Childhood & Early Life

In 1953 while in high school he led a petition drive urging judicial review against a policy of automatic suspension by the school of such students who were reported off-campus by police. However he faced suspension from school for such protest. Unsplash Childhood & Early Life

He went to work in an uncle’s dairy farm in Minnesota for a season and after clearing an exam he enrolled at ‘University of Minnesota’ at the age of 16. He obtained BSc in Physics with highest honors. Unsplash Childhood & Early Life

After his Ph.D. he joined the ‘University of Pittsburgh’ as a Mellon post-doctoral fellow. Unsplash Career

He was inducted in the faculty of the ‘University of California’, Berkeley in 1964 where he concentrated his studies on choice behaviour and issue of linking economic theory and measurement. Unsplash Career

During 1966-67 he visited ‘University of Chicago’ while serving his regular teaching responsibilities at Berkley. Unsplash Career

His studies towards resolving social issues included a combination of economic theory, statistical procedures and experimental applications. The method of Conditional logit analysis was introduced by him in 1974. The method analyse the way individuals make choices among finite options to get maximum utility. By making choices from a set of finite options, his work aided in predicting rate of usage of public transport systems. Applications of his statistical procedures were made to study health care, environment, labour force participation and housing especially for the aged ones. Unsplash Career

He remained the Irving Fisher Research Professor at the ‘University of Yale’ during 1976-77. Unsplash Career

Information	Detail
Birthday	July 29, 1937
Nationality	American
Famous	University Of Minnesota, Intellectuals & Academics, Economists
Spouses	Beverlee Tito Simboli
Known as	Daniel Little McFadden
Childrens	Nina, Raymond, Robert
Universities	University Of Minnesota University of Minnesota
Notable Alumnis	University Of Minnesota
Birth Place	Raleigh, North Carolina, U.S.
Height	191cm
Gender	Male
Father	Robert Sain McFadden
Mother	Alice Little McFadden
Sun Sign	Leo
Born in	Raleigh, North Carolina, U.S.
Famous as	Economist

Daniel McFadden

American

Jul 29, 1937

Biography

Personal Details

Raleigh, North Carolina, U.S.