Daniel L. McFadden

Daniel L. McFadden is the E. Morris Cox Professor of Economics and Director of the Econometrics Laboratory at the University of California, Berkeley. He is the 2000 Nobel Laureate in Economics for his work on consumer choice behavior and measurement. Professor McFadden was previously the James R. Killian Professor of Economics at M.I.T., and in addition has held appointments as a Ford Foundation Fellow at the University of Chicago, an Irving Fisher Research Professor at Yale, a Fairchild Fellow at Cal Tech, and a Nemmers Fellow at Northwestern. He received his Ph.D. in 1962 from the University of Minnesota.

Professor McFadden's honors and awards include the John Bates Clark Medal from the American Economics Association; the Frisch Medal from the Econometric Society, the Sir Richard Stone Prize, and the Jean-Jacque Laffont Prize. He has received honorary degrees from the University of Chicago, Huazhong University of Science & Technology, the University of London, the University of Montreal, and North Carolina State University. He has served as President of the Econometric Society and the American Economic Association. He has been elected to the American Academy of Arts & Sciences, the National Academy of Science, and the American Philosophical Society.

Professor McFadden's research interests include the economics of aging - specifically the dynamics of health and wealth, living arrangements and savings behavior, and the organization and finance of health care; consumer demand analysis using psychometric data; and statistical methods. He has a continuing interest in applications of consumer choice theory in marketing, transportation, energy, the environment, and insurance markets. He is currently studying the ability of consumers to cope in privatized markets for retirement savings and health insurance.

In addition to his academic research program, Professor McFadden is a principal in the Brattle Group, a consultancy specializing in complex litigation support and arbitration. He and his wife Beverlee own and operate Simboli Vineyard, a small establishment near Stag's Leap in Napa Valley, and vineyard management and wine making are his primary recreations. He has three grown children and four grandchildren.