Background
Shubik, Martin was born on March 24, 1926 in New York City. Son of Joseph Louis and Sara Shubik.
("The Aggressive Conservative Investor will never go out o...)
"The Aggressive Conservative Investor will never go out of date. Regulation, disclosure, and other things may change, but the general approach and mindset to successful investing are timeless. Read this book and you will learn the rudiments of 'safe and cheap' investing. An essential read for every amateur and professional investor." --Stan Garstka, Deputy Dean & Professor in the Practice of Faculty & Management, Yale School of Management "Security analysis toward both better odds and higher long-term payoff: A readable, authoritative guide." --Professor Bill Baumol, New York University "In reading this book, one is struck by the simplicity of the ideas and the dependence of the investor on his own understandings of reality as opposed to the myths on the street. The updated version of this 1979 classic incorporates all the modern financial engineering that has occurred as a product of the late 20th century, and the new methodologies refine your abilities to measure risk but don't change the fundamentals of value. The updated version of The Aggressive Conservative Investor is very much a value-added proposition." --Sam Zell, Chairman, Equity Group Investment LLC "I concur with those people who regard Marty Whitman as the 'Dean of Value Investing.' This book is a must-read for everyone interested in understanding the art of investing." --Melvin T. Stith, Dean, Whitman School of Management, Syracuse University This no-holds-barred presentation of one of the most successful investment strategies of all time -- value investing in distressed securities/companie -- shows you how to analyze and evaluate stocks just like controlling owners. Based on the assumption that stock price rarely reflects real value, authors Whitman and Shubik use numerous case studies to present risk-minimizing methods that also provide high rewards. Still relevant today, this classic work includes a new introduction discussing the dramatic changes that have taken place in the value investing world since its first publication in 1979.
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( An explosion of Web-based language techniques, merging...)
An explosion of Web-based language techniques, merging of distinct fields, availability of phone-based dialogue systems, and much more make this an exciting time in speech and language processing. The first of its kind to thoroughly cover language technology – at all levels and with all modern technologies – this book takes an empirical approach to the subject, based on applying statistical and other machine-learning algorithms to large corporations. Builds each chapter around one or more worked examples demonstrating the main idea of the chapter, usingthe examples to illustrate the relative strengths and weaknesses of various approaches. Adds coverage of statistical sequence labeling, information extraction, question answering and summarization, advanced topics in speech recognition, speech synthesis. Revises coverage of language modeling, formal grammars, statistical parsing, machine translation, and dialog processing. A useful reference for professionals in any of the areas of speech and language processing.
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Shubik, Martin was born on March 24, 1926 in New York City. Son of Joseph Louis and Sara Shubik.
Bachelor of Arts (Mathematics), Master of Arts University Toronto, 1947,1949. Master of Arts, Doctor of Philosophy Princeton University, 1951, 1953.
Research assistant Princeton University, 1950—1953, research associate, 1953-1955. Fellow Center for Advanced Study in Behavioral Sciences, Palo Alto, California, 1955-1956. Consultant management consultation services General Electric Company, 1956-1960.
Adjunct research professor Pennsylvania State University, 1957-1959. Visiting professor economics Yale University, New Haven, 1960-1961, professor economics of organization, department administrative science, 1963-1975, Seymour H. Knox professor mathematics institutional economics, since 1975. Board directors Equity Strategies, 1965-1990, Anglo Energy, 1990-1991, Third Avenue Funds, since 1990, Perini Corporation, 2004-2006.
Member staff T.J. Watson Research Laboratories, International Business Machines Corporation Corporation, 1961-1963. Visiting professor Escuela de Estudios Económicos University Chile, Santiago, 1965, Institute Advanced Studies, Vienna, Austria, 1968, 70, University Melbourne, Australia, 1973. Consultant Rand Corporation, Santa Monica, California, 1963.
Director Cowles Foundation for Research In Economics, Yale University, 1973-1976. Honorary professor University Vienna, 1978, external faculty Santa Fe Institute, since 1994, science board since 1996. Consultant in field.
( An explosion of Web-based language techniques, merging...)
(History of the Fifty-Seventh Regiment, Pennsylvania Veter...)
("The Aggressive Conservative Investor will never go out o...)
(Book by Shubik, Martin)
Author or co-author: numerous books, including The War Game, 1979, (with G. Brewer) The Aggressive Conservative Investor, 1979, 2nd edition, 2005, (with Michael Jackson Whitman) Market Structure and Behavior, 1980, (with R.E. Levitan) Game Theory in the Social Sciences, volunteer 1, 1982, volunteer 2, 1984, The Theory of Money and Financial Institutions, vols. 1 and 2, 1999, volunteer 3, 2010. Member editorial board Conflict Resolution.Member editorial advisory board International Studies Series. Associate editor Management Sci, 1965-1981. Contributor articles to professional journals.
My goal has been to reconcile the development in modern mathematical economics with the classical scope of political economy. My first steps were to reconcile three diverse sets of economic models. They are the Walrasian general equilibrium system, the Cournot-Nash noncooperative equilibrium, primarily applied to models of oligopolistic markets in strategic or extensive form, and the Edgeworth contract curve, core value and other co-operative solutions pri-
marily applied to bargaining.
In collaboration with Lloyd Shapley, the models of a Market Game and Strategic Market Game were developed and related to general equilibrium. This work provides the answer to how to embed oligopolistic structures in a closed economic model.
But this is a preliminary to the analysis of two broader sets of problems: (1) money and financial institutions as the neutral network or control system, linking individual economic agents into a macroeconomic system and (2) ‘the games within the game’ or the political and bureaucratic control structure, which provides the controllers of the control system. If individuals are regarded as finite machines, then as a first approximation the culture-free, institution-free individual maximising models which characterise much of microeconomic theory provide only working models of ‘local rationality’, which apply to short periods of time and local problems.
These are embedded in broader environments encompassing larger scope and lengthier time periods. The reconciliation of local maximising behaviour with the broader sweeps of the economy, polity and society comes through the conventions, traditions, law and other codings provided by institutions, historical, cultural and biological process. The future direction of mathematical institutional political economy lies in the development of a theory of money and financial institutions, stressing the concept of minimal institution as the simplest description of the rules of the game required to guide the process.
The next step is to further develop models of limited rationality in a societal context.
Served to lieutenant Royal Canada Navy. Fellow Econometric Society, World Academy Arts and Sciences, American Economic Association (Distinguished fellow 2010). Member American Academy Arts and Sciences, Connecticut Academy Arts and Sciences.
Married Julia Kahn, August 11, 1970. 1 child, Claire Louise.