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Daniel McFadden and the Econometric Analysis of Discrete Choice

Daniel McFadden and the Econometric Analysis of Discrete Choice Northwestern University, Evanston, IL 60208, USA cfmanski@northwestern.edu I. Introduction This article describes the contributions of Daniel McFadden to the econometric analysis of discrete choice. Section I overviews the main elements of McFadden's research on discrete choice analysis, and notes some of his other contributions to economics. Section II addresses the fundamental methodological breakthrough that McFadden made in ``Conditional Logit Analysis of Qualitative Choice Behavior'' [III, 1974].1 Section III discusses the subsequent development of discrete choice analysis into one of the foundations of modern econometrics. Section IV concludes. An Overview of McFadden's Contributions to Discrete Choice Analysis In 1968 Daniel McFadden circulated a working paper ``Revealed Preferences of a Government Bureaucracy,'' eventually published as McFadden [III, 1975a and III, 1976a]. In this empirical study of the decision-making of the California Highway Commission, McFadden introduced the set of methodological ideas that developed into the modern econometric analysis of discrete choice. In the early 1970s, he deepened and re®ned his ideas as he performed an in¯uential empirical study of household travel decisions, eventually published as Urban Travel Demand: A Behavioral Analysis by Domencich and McFadden [1975]. At the same time, he abstracted from particular empirical questions to consider in generality the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scandinavian Journal of Economics Wiley

Daniel McFadden and the Econometric Analysis of Discrete Choice

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References (21)

Publisher
Wiley
Copyright
The Editors of the Scandinavian Journal of Economics 2001
ISSN
0347-0520
eISSN
1467-9442
DOI
10.1111/1467-9442.00241
Publisher site
See Article on Publisher Site

Abstract

Northwestern University, Evanston, IL 60208, USA cfmanski@northwestern.edu I. Introduction This article describes the contributions of Daniel McFadden to the econometric analysis of discrete choice. Section I overviews the main elements of McFadden's research on discrete choice analysis, and notes some of his other contributions to economics. Section II addresses the fundamental methodological breakthrough that McFadden made in ``Conditional Logit Analysis of Qualitative Choice Behavior'' [III, 1974].1 Section III discusses the subsequent development of discrete choice analysis into one of the foundations of modern econometrics. Section IV concludes. An Overview of McFadden's Contributions to Discrete Choice Analysis In 1968 Daniel McFadden circulated a working paper ``Revealed Preferences of a Government Bureaucracy,'' eventually published as McFadden [III, 1975a and III, 1976a]. In this empirical study of the decision-making of the California Highway Commission, McFadden introduced the set of methodological ideas that developed into the modern econometric analysis of discrete choice. In the early 1970s, he deepened and re®ned his ideas as he performed an in¯uential empirical study of household travel decisions, eventually published as Urban Travel Demand: A Behavioral Analysis by Domencich and McFadden [1975]. At the same time, he abstracted from particular empirical questions to consider in generality the

Journal

The Scandinavian Journal of Economics – Wiley

Published: Jun 1, 2001

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