Martin shubik biography

Martin Shubik (1926-2018) was an.
Brief Biography.
Martin Shubik was an American mathematical economist who specialized in game theory, defense analysis, and the theory of money.

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Martin Shubik, the Seymour H. Knox Professor Emeritus of Mathematical Institutional Economics, died on Wednesday, August 22, 2018.

A member of the Yale faculty since 1963 and a founding member of the Yale SOM faculty, Professor Shubik was a specialist in strategic analysis, the economics of corporate competition, and the study of financial institutions.

“At this time of the passing of Professor Martin Shubik—one of Yale SOM’s most accomplished faculty members and a superbly accomplished contributor to the fields of mathematics and economics—we offer our deepest sympathies to his family and large numbers of friends and colleagues,” said Dean Edward A. Snyder.

We will post a fuller appreciation of Professor Shubik’s life and career in this space in the coming days.

A memorial service will be planned in the future. In lieu of flowers, donations may be made to the Inclusion Body Myositis Registry at Yale.

Related:
Martin Shubik’s Yale SOM profile page
A biography and interview with Martin Shubik on the website of the Institute for Operations Research and the Manage

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In memoriam: Martin Shubik

One of the first-movers in game theory, SFI External Professor Martin Shubik died August 22, 2018. He was 92 years old.

Shubik was among the early scholars who recognized that mathematical and statistical tools could be applied to social sciences, like economics. Through modeling and game theory, he sought to understand what he called “fundamental features of the economy,” particularly how pricing systems arise in economies, and how money and financial institutions evolve.

At the time of his death, he had published 22 books and more than 300 papers and scholarly articles. These include a 1953 paper with John Nash, a 1954 paper with Lloyd Shapley, cited in more than 2,000 other papers, and a 1959 paper titled “Edgeworth Market Games,” credited with establishing game theory in mainstream economics.

Shubik befriended the legendary game theorists Nash and Shapley while earning his Ph.D. at Princeton University, where the three shared a suite. After graduating from Princeton with a doctorate in economics, he joined the faculty at Y

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Major Works of Martin J. Shubik

"A Business Cycle Model with Organized Labor Considered", 1952, Econometrica.
"A Comparison of Treatments of a Duopoly Problem", 1955, Econometrica.
"Market Form: Intent of the firm and market behavior", 1957, ZfN.
"Edgeworth Market Games", 1959, in Luce and Tucker, editors, Contributions to the Theory of Games IV.
Strategy and Market Structure, 1959.
"Objective Functions and Models of Corporate Optimization", 1961, QJE.
"Approaches to the Study of Decision Making Relevant to the Firm", 1961, J of Business [cwls]
"Some Experimental Non-Zero Sum Games with Lack of Information About the Rules", 1962, Management Science [cwls]
"Incentives, Decentralized Control, the Assignment of Joint Costs and Internal Pricing", 1962, Management Science. [cwls]
"Game Theory and the Study of Social Behavior", 1964, in Shubik, editor, Game Theory and Relate Approaches.
"Quasi-Cores in a Monetary Economy with Non-Convex Preferences&quo