Nobel Prizes and Laureates

Nobel Prizes and Laureates

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000
James J. Heckman, Daniel L. McFadden

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Daniel L. McFadden - Facts

Daniel L. McFadden

Daniel L. McFadden

Born: 29 July 1937, Raleigh, NC, USA

Affiliation at the time of the award: University of California, Berkeley, CA, USA

Prize motivation: "for his development of theory and methods for analyzing discrete choice"

Field: econometrics

Contribution: Showed how to statistically handle fundamental aspects of microdata, namely data on the most important decisions we make in life: the choice of education, occupation, place of residence, marital status, number of children, so called discrete choices.

Prize share: 1/2

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