Professor McFadden is the Presidential Professor of Health Economics at the University of Southern California, where he has joint appointments at the USC Sol Price School of Public Policy and the Department of Economics at USC Dornsife College. He is also the E. Morris Cox Professor Emeritus of Economics at the University of California at Berkeley.

Previously, he was the James R. Killian Professor of Economics at MIT, the Irving Fisher Research Professor at Yale University, and the Fairchild Distinguished Scholar at the California Institute of Technology.

Professor McFadden was awarded the 2000 Nobel Prize in Economics for his work developing methods and theory used in analyzing how consumers and households make choices from sets of discrete alternatives. His work is now a standard tool in analyzing consumer behavior in a wide variety of markets, and it is used to determine how people choose and purchase one brand of product over others. His work is also commonly used in making public policy and regulatory decisions.

Professor McFadden has received numerous other awards, including the John Bates Clark Medal, given every two years to the American economist under the age of forty who has made the most outstanding contribution to the field of economic science. He is also the recipient of the Frisch Medal from the Econometric Society and the Nemmers Prize in Economics from Northwestern University.

Professor McFadden’s teaching areas included economic theory, econometrics, and statistics at the graduate level. He has published seven books and more than 100 professional papers.