Daniel P. McFadden

Daniel P. McFadden is an economist known for developing models that help analyze how people make choices, like selecting products or transportation options. His work uses mathematical techniques to understand decision-making behavior, which has applications in areas such as marketing, transportation planning, and public policy. In recognition of his contributions, he was awarded the Nobel Prize in Economic Sciences in 2000. His research helps organizations and governments design better services and policies by predicting how individuals will respond to changes in prices, available options, or other factors affecting their choices.