Honorary Degree Recipient
Doctor of Science
College of Liberal Arts, September 28, 2017
Daniel L. McFadden, Nobel Prize winning economist, received a bachelor of science degree in physics (1957) and a Ph.D. in behavioral science in economics (1962) from the College of Liberal Arts at the University of Minnesota. McFadden is the founder and director of the Econometrics Laboratory at the University of California-Berkeley. Described as a giant in the field of economics, he is internationally renowned for his pioneering and influential research in areas including discreet choice – understanding how people choose where to work, where to live, or when to marry. His work has helped predict usage rates for public transport systems, and his statistical methods were applied to studies of labor-force participation, health care, housing, and the environment. Most recently, his research has concentrated on the deviations from the economic theory of choice. McFadden has been working on the economic status of the elderly, related to housing, financial planning, and the delivery and cost of health services. He was given the John Bates Clark Medal by the American Economics Association in 1975 and was elected to the National Academy of Sciences in 1981. He received the Nobel Prize in 2000.
Biographies are as-of time of award presentation.