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Daniel Little McFadden Edit Profile

economist , educator

Daniel McFadden is an American economist, educator. He is the presidential professor of health economics at the University of Southern California and professor of the Graduate School at the University of California.

Background

McFadden was born in 1937 in Raleigh, North Carolina, United States of America; the son of Robert Sain McFadden and Alice Little McFadden.

Education

McFadden received a Bachelor of Science degree in physics from the University of Minnesota in 1957. Five years later he was given a Doctor of Philosophy degree in behavioral science from the same university.

Career

McFadden began his career as a Mellon post-doctoral fellow at the University of Pittsburgh in 1962. A year later he took a position of a teacher at the University of California in Berkeley and held it until 1979. Also in 1966, Daniel was a visiting professor at the University of Chicago, where he worked for a year.

He served as the Irving Fisher Research Professor at the University of Yale from from 1976 to 1977. Then in 1977, McFadden joined the Massachusetts Institute of Technology as a teacher of economics. In addition, he became a director at MIT`s Statistics Research Center in 1986.

In 1991, he returned the University of California and was named the E. Morris Cox Professor of Economics. Also Daniel founded the Econometrics Laboratory at the same univerity and served as its director in 1991-1995 and again since 1996. He served as a Fairchild fellow at the California Institute of Technology in 1990. Since January 2011 McFadden has been the presidential professor of health economics at the University of Southern California. He has served as a professor of the Graduate School at University of California in Berkeley.

McFadden’s work combined economic theory, statistical methods and empirical applications toward the resolution of social problems. His work helped predict usage rates for public transportation systems and his statistical methods were applied to studies of labour-force participation, health care, housing and the environment.

Achievements

  • McFadden developed conditional logit analysis in 1974, a method for determining how individuals will choose between finite alternatives in order to maximize their utility.

Works

Membership

McFadden is a member of Econometrics Society, National Academy of Sciences, American Philosophical Society, American Statistical Association and American Academy of Arts and Sciences.

Interests

  • Other Interests

    farming

Connections

Daniel McFadden married Beverlee Tito Simboli in 1962. They have a daughter, two sons and three grandchildren.

father:
Robert Sain McFadden

mother:
Alice Little McFadden

son:
Robert McFadden

son:
Raymond McFadden

daughter:
Nina McFadden

wife:
Beverlee Tito Simboli - photographer