[1] He spent the majority of his career at Yale University, where he was heavily involved with the Cowles Foundation for Research in Economics, and launched the virtual Museum of Money and Financial Institutions.
He provided seed money to the Yale School of Public Health for the IBM Disease Registry in 2011, a survey was conducted in 2012-2013, and he is a co-author on a 2015 paper about the initial results (along with his son-in-law Seth Richards-Shubik).
To fulfill a condition of enrollment in college in Canada during the War, Martin Shubik enlisted in the Royal Canadian Navy and held the rank of Lieutenant before retiring in 1950.
During his life, he served as a consultant and expert witness for many other companies, organizations, and government agencies (including the RAND Corporation).
[10] Shubik's awards included the Frederick W. Lanchester Prize (1984) for Game Theory in the Social Sciences, volume 1, the Koopman Prize (1995) with Jerome Bracken from the Institute for Operations Research and the Management Sciences (INFORMS), Fellow of Econometric Society (1971), Medal of College de France (1978), Fellow of American Academy of Arts and Sciences (1985), Honorary Professor of University of Vienna (1978), and he was a Distinguished Fellow of the American Economic Association (AEA; 2010).