Daniel L. McFadden
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Daniel L. McFadden
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000
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."
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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Nobel Prizes 2020
Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind.
Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.
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Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.
See them all presented here.
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