Daniel L. McFadden

Dr. Daniel L. McFadden, a Raleigh native who grew up in Spencer, NC, shared the 2000 Nobel Prize for Economics for his work in microeconometrics, a method for studying economic decisions using complex mathematical equations. His groundbreaking work used mathematical models to analyze how consumers make decisions on where they work, shop and travel. He is best known in his adoptive town of San Francisco for developing models to determine the expansion of the Bay Area Rapid Transit system. McFadden left his family farm at the age of 16 to enroll at the University of Minnesota, even though he never graduated from high school. He had his bachelor’s degree in physics by the age of 19, and his doctorate in behavioral sciences from Minnesota by the age of 25. He has been a professor of economics since 1962, teaching at the University of Pittsburgh, California-Berkeley, Yale and the Massachusetts Institute of Technology. He has been at Berkeley since 1990, and from 1995-96 he was chair of the school’s Department of Economics.