Daniel L. McFadden

AAA

DEFINITION of 'Daniel L. McFadden'

An American econometrician and winner, along with James Heckman, of the 2000 Nobel Memorial Prize in Economic Sciences for his microeconometric analysis of individual and household behavior. Daniel L. McFadden has also conducted research on deviations from the economic theory of choice and the economic status of elderly Americans.

INVESTOPEDIA EXPLAINS 'Daniel L. McFadden'

Born in 1937 in North Carolina, McFadden has worked as a professor of economics at the University of California at Berkeley and has also taught at Yale and the Massachusetts Institute of Technology. He has authored several books and won the John Bates Clark medal, among numerous other awards and recognitions.

RELATED TERMS
  1. James J. Heckman

    An American economist who won the 2000 Nobel Memorial Prize in ...
  2. Social Choice Theory

    Individual preferences are aggregated to produce a social welfare ...
  3. Econometrics

    The application of statistical and mathematical theories to economics ...
  4. Statistics

    A type of mathematical analysis involving the use of quantified ...
  5. Capital Loss Coverage Ratio

    The difference between an asset’s book value and the amount received ...
  6. Policyholder Surplus

    The assets of a mutual insurance company minus its liabilities. ...
Related Articles
  1. How Influential Economists Changed Our ...
    Fundamental Analysis

    How Influential Economists Changed Our ...

  2. The Uncertainty Of Economics: Exploring ...
    Economics

    The Uncertainty Of Economics: Exploring ...

  3. Why Can't Economists Agree?
    Economics

    Why Can't Economists Agree?

  4. How Does Goodwill Affect Financial Statements?
    Investing Basics

    How Does Goodwill Affect Financial Statements?

comments powered by Disqus
Hot Definitions
  1. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  2. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  4. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  6. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
Trading Center