Daniel McFadden

Nobel laureate econometrician who advanced discrete choice analysis.

The 2000 Nobel Memorial Prize in Economic Sciences was divided equally between Daniel L. McFadden and James J. Heckman, with McFadden recognized for creating theory and methods to analyze discrete choice.^[1][2]

Last updated 2026-09-30 from the source article.

Quick Facts

Born: 29 July 1937
Birthplace: Raleigh, North Carolina, U.S.
Field: Econometrics
Education: University of Minnesota
Doctoral advisor: Leonid Hurwicz
Known for: Discrete choice

Facts from the source article.

Life and work

In January 2011, he was appointed Presidential Professor of Health Economics at USC with a joint appointment in Economics and the Price School of Public Policy.^[3] McFadden earned a B.S. in Physics and, five years later in 1962, a Ph.D. in Behavioral Science (Economics) from the University of Minnesota.^[4] Leonid Hurwicz, who would later receive the Economics Nobel Prize in 2007, served as McFadden's graduate advisor at Minnesota.^[4] Conditional logit analysis was introduced by McFadden in 1974.^[5]

McFadden's election to the American Philosophical Society occurred in 2006.^[6] The Erwin Plein Nemmers Prize in Economics was awarded to McFadden in 2020.^[6]

What the cited sources add

The letter singled out praise for some of President Joe Biden's economic policies, including the Inflation Reduction Act.^[7] In June 2024, McFadden was among 16 Nobel Prize-winning economists who signed a joint letter warning that Donald Trump's policies would reignite inflation.^[8][9]

References

Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000", Nobelprize.org (we also read that source) en.wikipedia.org
"The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000", Nobelprize.org. facts only, no text reused. nobelprize.org
Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: "Nobel Winner, Dr. McFadden, Appointed Presidential Professor at USC", usc.edu (original not read by us) en.wikipedia.org
Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: "All Laureates in Economics", Nobelprize.org, 2007 (original not read by us) en.wikipedia.org
Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: McFadden, "Conditional Logit Analysis of Qualitative Choice Behavior", 1974 (original not read by us) en.wikipedia.org
Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: "APS Member History", search.amphilsoc.org (original not read by us) en.wikipedia.org
Picchi, "16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation", www.cbsnews.com, June 25, 2024. facts only, no text reused. cbsnews.com
Picciotto, "Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation", CNBC, June 25, 2024. facts only, no text reused. cnbc.com
Wikipedia, "Daniel McFadden" (CC BY-SA 4.0), which cites: Nichols, "Scoop: 16 Nobel economists see a Trump inflation bomb", Axios, June 25, 2024; Picciotto, "Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation", CNBC, June 25, 2024; Picchi, "16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation", www.cbsnews.com, June 25, 2024 (we also read that source) en.wikipedia.org

Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Daniel McFadden (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.