Daniel McFadden

Daniel McFadden is an influential American economist known for his work in the field of microeconomics and behavioral economics. He received the Nobel Prize in Economic Sciences in 2000 for developing models of choice behavior, particularly in understanding how individuals make decisions among various alternatives. His research includes the analysis of consumer preferences and the role of uncertainty in decision-making. McFadden’s work has applications in fields such as transportation, environmental policy, and health economics, contributing to our understanding of how choices affect market dynamics and public policy.