Interview with Daniel L. McFadden at the 3rd Meeting in Economic Sciences in Lindau, Germany, August 2008. The interviewer is Adam Smith, Editor-in-Chief of Nobelprize.org. Daniel McFadden talks about growing up on a North Carolina farm without electricity or running water, transitioning from graduate studies in experimental physics to social psychology and then choice behaviour economics (3:34), approaching economic enquiry as an engineer (11:46), and his current research in healthcare (18:19). He also discusses the 'Tower of Babel' problem between disciplines (30:19), the emerging field of neuroeconomics (32:51) and his life since being awarded the Nobel Prize (38:22).
Credits: Ladda Productions AB (camera)
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The Prize in Economic Sciences 2000