He attends rural North Carolina public schools. Being a good student, his teachers allow him to read during most of my classes, usually racing through four or five books a day. The offerings in his high school are limited, but he augments his school studies with correspondence courses in algebra and geometry. In 1953, he is suspended from high school for protesting, ironically, against a policy of student suspensions.
He marries the photographer Beverlee Tito Simboli in 1962. They have three children and several grandchildren.
He visits CalTech in 1990 as a Fairchild Fellow.
After gaining his PhD, he goes to to the University of Pittsburgh as a Mellon post-doctoral fellow.
Daniel McFadden is born on July 29, 1937 in Raleigh, North Carolina.
McFadden continues his studies in physics as a graduate student at Minnesota. By then he is interested in the study of human behavior and gains admission to a Behavioral Science Training Program in 1958. He attends courses in psychology, sociology, economics, anthropology, political science, mathematics, and statistics. Working as a research assistant in Social Psychology, he conducts experiments on human behavior. He gains his PhD in economics in 1962.
In 1991, McFadden returns to Berkeley to establish the Econometrics Laboratory, devoted to improving statistical computation for economics applications. He is still there. In recent years, his research has concentrated on the deviations from the economic theory of choice. He has been working on the economic status of the elderly, relating to housing, financial planning, and the delivery and cost of health services.
In the following year, he joins the faculty at the University of California, Berkeley. In 1964, McFadden works out an econometric model linked to the theory of choice behavior. Through the analysis of discrete choice (the choices made among a set number of alternatives), McFadden’s work helps predict usage rates for public transport systems, and his statistical methods are applied to studies of labour-force participation, health care, housing and the environment.
In 1977, he moves to the economics faculty at M.I.T. He takes the James Killian Chair in Economics and in 1986, he becomes the director of M.I.T.’s Statistics Research Center.
He visits Yale in 1976–77 as the Irving Fisher Research Professor.
He visits the University of Chicago in 1966–67, where he befriends James Heckman, who he later shares the nobel prize with.
At age 16, McFadden enters the University of Minnesota where he gains a BSc in physics with highest honors at age 19. While still an undergraduate, he is hired by Prof. John Winckler to work in his Cosmic Ray Laboratory. In this laboratory, he designs and builds an X-ray telescope, and a very early transistorized computer for data processing and telemetry.
Daniel McFadden shares the 2000 economics nobel prize with James Heckman for his development of the microeconomic analysis of individual or household behaviour known as ‘discrete choice’, such as understanding how people choose where to work, where to live, or when to marry.