James Heckman is an American economist and Nobel laureate known for his work in the fields of labor economics, family economics, and statistics. He was awarded the Nobel Prize in Economic Sciences in 2000, along with Daniel McFadden, for their development of theories and methods for analyzing selective samples, particularly in relation to the labor market. Heckman is particularly famous for his work on the Heckman correction, a statistical method used to correct for sample selection bias in econometric models.
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