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Topic: Daniel McFadden


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  Daniel McFadden: Noble Laureate
Daniel McFadden's strong analytical bent and fascination with human behavior have taken him on a decades-long journey from the University's physics department to the stage of Stockholm Concert Hall.
McFadden (Physics '57, Behavioral Sciences Ph.D. '62) and University of Chicago economist James Heckman were honored for their contributions to microeconometrics, the branch of economics that weds economic theory to statistics.
One of McFadden's most significant accomplishments was the development of a statistical method called “conditional logit analysis.” He used it to create models that could predict the share of a population that will choose alternatives to average behavior.
www.it.umn.edu /news/inventing/2001_Spring/mcfadden.html   (1492 words)

  
 Success in the Field: Nobel Laureate is former Rowan County 4-H'er
McFadden came to the discipline in a round-about way, his curiosity having been piqued by a research assistantship in the University of Minnesota's social psychology department.
McFadden was cited specifically for models he developed to help economists and other social scientists understand how people chose among discrete alternatives -- whether, for instance, they decide to ride the bus to work or drive.
Of his 4-H years, McFadden says they opened for him new possibilities, allowing him to realize "there are lots of things that you can do with your life." It was an activity he sought out, drawn to join the organization by what he had seen and learned through county fairs.
www.ces.ncsu.edu /depts/agcomm/writing/2001/nobel.htm   (1120 words)

  
 [No title]
When Nobel Prize-winning economist Daniel McFadden, Berkeley, Calif., reflects on his childhood in rural Rowan County, some of the memories he recalls with the most fondness revolve around his days as a 4-H’er, making friends and earning recognition for work well done.
McFadden came to the discipline in a roundabout way, his curiosity having been piqued by a research assistantship in the University of Minnesota’s social psychology department.
McFadden was cited specifically for models he developed to help economists and other social scientists understand how people chose among discrete alternatives — whether, for instance, they decide to ride the bus to work or drive.
www.cals.ncsu.edu /agcomm/magazine/spring01/4htonobl.htm   (685 words)

  
 Daniel McFadden - Wikipedia, the free encyclopedia
Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Nobel Prize in Economics "for his development of theory and methods for analyzing discrete choice".
He is currently the E. Morris Cox Professor of Economics at the University of California, Berkeley.
After his return, McFadden founded the Econometrics Laboratory, which is devoted to statistical computation for economics applications.
en.wikipedia.org /wiki/Daniel_McFadden   (196 words)

  
 Daniel McFadden, UC Berkeley media experts list
McFadden is director of UC Berkeley’s Econometrics Laboratory, and his current research focuses on the economic status of the elderly and the adequacy of their housing arrangements, financial planning and the delivery and cost of health services.
McFadden is frequently interviewed in the media and recently participated in a National Public Radio panel discussion about Social Security.
McFadden is concerned about how to prevent a privatized system from being plundered by excessive management fees, and how to protect individual investors from investments that are too risky.
www.berkeley.edu /news/extras/experts/mcfadden.html   (378 words)

  
 Daniel McFadden: CLA Today Spring 2001: College of Liberal Arts: University of Minnesota
As a graduate student at the U in the early 1960s, Daniel McFadden completed a special interdisciplinary doctoral program that required a sophisticated understanding of disciplines across the social sciences.
So it came as no surprise to his old mentors at the U when McFadden (B.S. physics '57, Ph.D. economics '62) was named the 2000 cowinner of the Nobel Prize for Economics, sharing the prize with University of Chicago economist James J. Heckman.
In that sense, McFadden is "an economist's economist"; his modeling techniques have been widely adopted by others in the field.
www2.cla.umn.edu /clatoday/Spring01/McFadden.html   (683 words)

  
 `Practical' Economics Captures The Prize / Chicago scholar is also honored
Daniel McFadden, 63, received the coveted award for designing statistical techniques that predict how people will behave when they choose among limited alternatives, whether it's where they live, how they commute or what they buy.
McFadden shared the 2000 award with University of Chicago economist James Heckman, who was cited for developing techniques that strip out such hidden biases as race and sex in studies of the labor force, according to the Royal Swedish Academy of Sciences, which picks Nobel winners.
McFadden's Nobel is the 17th handed to a Berkeley scholar, putting it slightly behind Stanford University, which has collected 21 in the 99 years since prizes were first awarded.
www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2000/10/12/MN114934.DTL&type=printable   (1059 words)

  
 Daniel McFadden
Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Nobel Memorial Prize in Economics "for his development of theory and methods for analyzing discrete choice." He is currently the E. Morris Cox Professor of Economics at the University of California, Berkeley.
He attended the University of Minnesota, where he received a B.S in Physics at age 19, and a Ph.D in Behavioral Science (Economics) five years later (1962).
In 1977, he moved to the Massachusetts Institute of Technology, but returned to Berkeley in 1991 because MIT did not have a statistics department.
publicliterature.org /en/wikipedia/d/da/daniel_mcfadden.html   (186 words)

  
 The Philippa Huckle Group Limited
This kind of thinking has gone by the wayside in no small part because of the huge contributions of Daniel McFadden, a professor at the University of California, Berkeley was awarded the 2000 Nobel Prize in Economic Sciences.
"McFadden has revolutionized our understanding of how people and governments make choices when confronted with discrete alternatives such as whether to ride BART [Bay Area Rapid Transit] rather than drive or where to build a highway," says Paul Samuelson, himself a Nobel Laureate in economics at the Massachusetts Institute of Technology.
McFadden is a leader in the study of "discrete choice," the big either/or questions that really make a difference in people's lives.
www.philippahuckle.com /mcfadden.html   (350 words)

  
 The College of Letters and Science, UC Berkeley
The Academy named McFadden for "his development of theory and methods for analyzing discrete choice," choices made from a limited number of alternatives.
McFadden has applied his theory and methodology to a variety of situations, such as predicting housing choices and telephone service selection among the elderly.
Daniel McFadden, characterized by his colleagues as modest, kind, and thoughtful, was raised on a farm in North Carolina.
ls.berkeley.edu /new/00/mcfadden.html   (580 words)

  
 University of Minnesota Alumni Association : An Uncommon Economist
McFadden's best-known work derived from his effort to help a graduate student analyze data on how California officials chose to route freeways, not the sort of data that economists dealt with at the time.
McFadden says he majored in physics primarily “because it was the hardest subject.” He always took the maximum number of courses allowed.
McFadden was so poor that he had to sell a cow to have enough to live on his freshman year.
www.alumni.umn.edu /2Sep20053.html   (2300 words)

  
 NIH Grantees Awarded Nobel Prize in Economics
The prize is for their work in the field of microeconometrics, where each of the laureates has developed theory and methods that are widely used in the statistical analysis of individual and household behavior, within economics as well as other social sciences.
McFadden, professor of economics at the University of California, Berkeley, was cited for his work involving a new theory of "discrete choice," a way to measure how an individual's decisions regarding occupation or housing, for instance, reflect choices among a limited number of alternatives.
Specifically, Dr. McFadden has analyzed the use of the "unfolding brackets" approach in surveys, a technique which has allowed older people who are reluctant or can't recall their exact wealth to estimate it within a series of bracketed ranges.
www.nichd.nih.gov /news/releases/nobel.cfm   (912 words)

  
 Online NewsHour: Nobel Prize in Economics -- October 11, 2000
James Heckman, 56, and Daniel McFadden, 63, will share the $913,100 prize for their studies on how people decide where to live, how much to work, and how long to continue their education.
McFadden "was never my teacher in the classroom, but in life he taught me a lot," Heckman said.
McFadden said he will spend his share of the prize on his farm in northern California's wine country.
www.pbs.org /newshour/nobel2000/economics.html   (405 words)

  
 Nobel Laureates in Economic Sciences:DANIEL L. MCFADDEN
Daniel McFadden, while continuing his studies in Physics as a graduate student at the University of Minnesota, entered an ambitious program in behavioural sciences there that was designed to produce scholars who spanned the social sciences.
The statistical tools McFadden has developed are used not only by economists, but by social scientists and others as well.
McFadden D. Preferences, Uncertainty, and Optimality: Essays in Honor of Leonid Hurwicz, with J. Chipman and M.K. Richter (eds.), Westview Press, Boulder, CO 1990.
www.promostudio.info /eng/services/bestbrains/schede/McFadden.htm   (557 words)

  
 University grad who studies econometrics wins Nobel Prize - 10/16/2000
McFadden's work studies how and why individuals make choices in their lives by applying statistical theories to economics, a field known as econometrics.
McFadden's work has uprooted superficial analyses of consumer needs by taking human factors, as well as economic factors, into account, he explained.
Hurwicz served as McFadden's doctoral thesis adviser in 1962, and said he believes the University uniquely prepared McFadden for the work that won him the Nobel Prize.
www.mndaily.com /daily/2000/10/16/news/new6   (544 words)

  
 Seven Brides for Seven Brothers
The story centered around the seven McFadden brothers, aged 27 to 12, and their struggle to keep their family ranch.
Despite all the singing, dancing, and romancing, none of the other six McFadden brothers found a bride during the one season Seven Brides for Seven Brothers was on the air.
Young Daniel (Roger Wilson), motivated by hero worship, brought this creaky alcoholic home to the ranch and tried desperately to dry him out.
rdanderson.com /film/brides.htm   (866 words)

  
 Two Americans Grab Economics Prize - CBS News
James J. Heckman, 56, of the University of Chicago, and Daniel L. McFadden, 63, of the University of California at Berkeley, were cited for theories and methods in statistical analysis that have had wide-ranging practical applications, according to the citation by the Royal Swedish Academy of Sciences.
McFadden's work laid the foundation for an economic theory by which individuals choose their place of occupation or residence, leading among other things to the San Francisco BART transportation system and investments in phone service and housing for the elderly.
Daniel McFadden (L) and James Heckman (R) "It's certainly nothing that I was waiting up for all night," Heckman chuckled.
www.cbsnews.com /stories/2000/10/11/tech/main240129.shtml   (852 words)

  
 SSRN-Predictors of Mortality Among the Elderly by Michael Hurd, Daniel McFadden, Angela Merrill
The objective of this paper is to find the quantitative importance of some predictors of mortality among the population aged 70 or over.
We find that the relationship between socio-economic indicators and mortality declines with age 13 health indicators are strong predictors of mortality and that the subjective survival probabilities predict mortality even after controlling for socio-economic indicators and the health conditions.
Hurd, Michael D., McFadden, Daniel L. and Merrill, Angela, "Predictors of Mortality Among the Elderly" (December 1999).
papers.ssrn.com /sol3/papers.cfm?abstract_id=202412   (457 words)

  
 10.11.00 - Daniel L. McFadden wins Nobel Prize in Economics
Daniel L. McFadden, recipient of the 2000 Nobel Prize in economics, talks at a press conference held Oct. 11 at UC Berkeley.
On Oct. 11, 2000, UC Berkeley's Daniel L. McFadden, the E. Morris Cox Professor of Economics in the College of Letters & Science, and director of the Econometrics Laboratory, was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
McFadden was cited for his "development of theory and methods for analyzing discrete choice."
www.berkeley.edu /news/features/2000/nobel/index.html   (268 words)

  
 University of Minnesota Department of Economics
Daniel L. McFadden (Minnesota Ph.D., 1962) shared with James Heckman the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2000.
The Royal Swedish Academy recognized his most fundamental contribution as the integration of economic theory and econometric methodology for discrete choice analysis, that is, choice among distinct alternatives that cannot be studied by traditional means.
McFadden received his bachelor's and master's degrees in physics (1957 and 1960) and his Ph.D. degree in economics (1962) all from the University of Minnesota.
www.econ.umn.edu /graduate/index.html   (381 words)

  
 Daniel L. McFadden at IDEAS
If you are Daniel L. McFadden, you may change this information at RePEc.
Postal Address: Daniel L. McFadden obtained the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2000.
McFadden, Daniel L & Train, Kenneth E, 1996.
ideas.repec.org /e/pmc7.html   (2239 words)

  
 Rio's Attic - Phoenix TV
Guthrie is hardly seen at all in this episode of the show in which Daniel performs professionally and begins a romantic relationship with country singer, Tally.
The whole family is soon treated to a night out on the town during which they get to see Daniel perform live on stage.
The young Guthrie's eyes are as wide open as his mouth is when Tally starts to sing and dance, prompting Evan to fear the influence such a performance might be having on his twelve-year-old sibling.
www.river-phoenix.org /tv/seven-brides/daniels-song   (133 words)

  
 [No title]
In a way, it is worse than that: what has slipped by unnoticed is not so much a single branch as a methodology that is indispensable to every branch.
Messrs Heckman and McFadden made vital contributions to econometrics—the application of statistical theory to economic investigation.
In addition to blazing the trail in econometric theory, Messrs Heckman and McFadden put their new tools to work in a variety of applied microeconomic fields.
www.nd.edu /~etrubac/EconAust/Economicsfocus.doc   (840 words)

  
 tbs.com - Daniel McFadden
After graduating from the Art Institute of Philadelphia in 1986, Daniel McFadden began his career working as a National Makeup Artist for Chanel.
After 16 years in the industry, Daniel launched his own product line, Daniel McFadden Cosmetics, located at Prive Salon in Los Angeles and New York.
Daniel has become a nationally recognized makeup artist after his repeated appearances on "Extreme Makeover", "Dr. Phil", "Entertainment Tonight", "Extra", E!, Style Network, Lifetime, and The Learning Channel.
www.tbs.com /stories/story/0,,50537,00.html   (140 words)

  
 The Brattle Group
Professor Daniel McFadden is a principal with The Brattle Group, which provides consulting services and expert testimony on economic, finance, regulatory and strategic issues to corporations, law firms and public agencies worldwide.
Professor Daniel McFadden, recipient of the 2000 Nobel Prize in Economics, is the E. Morris Cox Professor of Economics at the University of California at Berkeley and was previously the James R. Killian Professor of Economics at MIT.
Dr. McFadden has received numerous other awards including the John Bates Clark Medal given every two years to the American economist under the age of forty who has made the most outstanding contribution to the field of economic science.
www.brattle.com /Consultants/ConsultantView.asp?ConsultantID=60   (267 words)

  
 ScienceNow
Daniel McFadden of the University of California, Berkeley, tackled a different conundrum: how to quantify discrete choices rather than continuous ones.
Do you buy an auto or not?" McFadden looked at discrete choices in terms of probabilities; given certain conditions, a consumer might have, say, a 20% chance of taking a car to work, a 40% chance of taking a bus, and a 40% chance of taking the train.
This method, inspired by similar approaches used by psychologists, gave McFadden a way to handle discrete problems--and these methods led to his helping design the Bay Area Rapid Transit system.
bric.postech.ac.kr /science/97now/00_10now/001011a.html   (359 words)

  
 Daniel L. McFadden - Autobiography
Emily and Anne are Robert's daughters, and Daniel William is Ray's son.
I was born in 1937 in North Carolina, the eldest son of Robert Sain McFadden and Alice Little McFadden.
He had only four years of formal schooling, but was a lightning calculator who at age 14 was hired to keep the books for the local bank.
nobelprize.org /nobel_prizes/economics/laureates/2000/mcfadden-autobio.html   (2016 words)

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