Martin Shubik

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Martin Joseph Shubik (born March 24, 1926 in New York City - † August 22, 2018 ) was a British - American economist and university professor .

Career, research and teaching

Shubik (Russian Шубик) came from a Jewish family with Russian roots and was a US citizen. His father Joseph was working for a Scottish company in New York at the time of Martin Shubik's birth, but soon returned to England. Shubik first attended London's Woodstock School and University College School , before moving to Canford School boarding school near Wimborne Minster (Dorset). After the first events of the war in 1940, the family decided to move mother and children to Canada to live with relatives, whereby Martin finished his schooling in 1943 at Pickering College in Newmarket (Ontario) . He then began at the University of Toronto to study mathematics , which he completed in 1947 as a Bachelor of Arts . Due to the state of war, Shubik was obliged to undergo officer training, which he completed with the Royal Canadian Navy in Halifax (Nova Scotia) and at sea. Two years later he left the university with a Master of Arts degree in political economy . He graduated from Princeton University with a degree in economics . In 1951 he graduated as an Artium Magister, two years later he graduated as a Ph.D. , supported by Oskar Morgenstern .

After completing his studies, Shubik initially stayed as a research assistant at Princeton University, together with Lloyd Shapley and John Forbes Nash . In 1955 he moved to the Center for Advanced Study in Behavioral Sciences at Stanford University in Palo Alto . In the fall of 1956 he left the scientific company and worked for General Electric until 1960 . He then spent a year as a visiting lecturer in economics at Yale University , and in September 1961 he joined IBM as a new employer. In September 1963 Shubik returned to academia as a full professor at Yale University. He later visited Santiago de Chile (1965), the Institute for Advanced Studies in Vienna (1970) and Melbourne (1973) and was a consultant for the RAND Corporation in 1970/1971 . Between 1973 and 1976 he was director of the Cowles Foundation for Research in Economics . In 1975 he was appointed to the Seymour H. Knox Chair at the university.

Shubik's main focus was on game theory . He paid particular attention to monetary theory and financial institutions as well as the behavior of economic subjects under risk. He also dealt with economic wars . In collaboration with Lloyd S. Shapley , he developed the Shapley-Shubik index , which models the decision-making power of different players. With the dollar auction game he developed , he attracted attention in the early 1970s, because with this game he questioned the applicability of the so-called theory of rational decision-making for human behavior.

Awards and honors

Works

The following list shows a selection of books published by Shubik, and he has also written numerous magazine articles and working papers.

  • The Theory of Money and Financial Institutions , 1999
  • Political Economy, Oligopoly and Experimental Games , 1999

literature

  • Mark Blaug (Ed.): Who's who in economics. 3rd edition, Elgar, Cheltenham [u. a.] 1999, ISBN 1-85898-886-1 , pp. 1027-1028

Web links

Individual evidence

  1. ↑ Prof. Martin Shubik, Influential Game Theory Scholar, dies. Yale School of Management , August 22, 2018, accessed August 23, 2018 .
  2. ↑ Martin Shubik curriculum vitae. (pdf, 293 kB) Yale University, July 20, 2011, p. 3 , accessed on August 18, 2018 (English).
  3. ^ Martin Shubik: Brief Biography. In: informs.org . Retrieved August 23, 2018 .
  4. ^ Martin Shubik Past Awards. In: informs.org . Archived from the original on October 16, 2015 ; accessed on February 16, 2016 .
personal data
SURNAME Shubik, Martin
ALTERNATIVE NAMES Shubik, Martin J.
BRIEF DESCRIPTION British economist and university professor
DATE OF BIRTH March 24, 1926
PLACE OF BIRTH New York City
DATE OF DEATH 22nd August 2018