The most recommended game theory books

Who picked these books? Meet our 29 experts.

29 authors created a book list connected to game theory, and here are their favorite game theory books.
Shepherd is reader supported. When you buy books, we may earn an affiliate commission.

What type of game theory book?

Loading...
Loading...

Book cover of The Thing with Feathers: The Surprising Lives of Birds and What They Reveal about Being Human

Elizabeth Gehrman Author Of Rare Birds: The Extraordinary Tale of the Bermuda Petrel and the Man Who Brought It Back from Extinction

From my list on birds and life.

Why am I passionate about this?

I never had a particular interest in birds until I heard about David Wingate and the cahow; I’m just a reporter who was smitten by a compelling story. I often write about science and the environment, as well as travel and other topics, for publications including the Boston Globe, Archaeology, and Harvard Medicine, and while working on Rare Birds I got hooked on these extraordinary creatures and the iconoclastic obsessives who have become their stewards in the Anthropocene era. You don’t have to care about birds to love their stories — but in the end, you will.

Elizabeth's book list on birds and life

Elizabeth Gehrman Why did Elizabeth love this book?

Packing a huge amount of research onto every page, Strycker, who in his 2015 big year logged a record-setting 6,042 bird species, engagingly analyzes the biology and behavior of penguins, magpies, hummingbirds, albatrosses, and more to explore how the lives of birds are simultaneously incredibly alien to and indelibly intertwined with those of humans in activities and emotions as diverse as altruism, dancing, seduction, and fear. His insights, delivered with a light touch, may well change the worldview of those who think that humans are somehow more worthy than any other animal on the planet.

By Noah Strycker,

Why should I read it?

1 author picked The Thing with Feathers as one of their favorite books, and they share why you should read it.

What is this book about?

"[Strycker] thinks like a biologist but writes like a poet." -- Wall Street Journal

An entertaining and profound look at the lives of birds, illuminating their surprising world—and deep connection with humanity.
 
Birds are highly intelligent animals, yet their intelligence is dramatically different from our own and has been little understood. As we learn more about the secrets of bird life, we are unlocking fascinating insights into memory, relationships, game theory, and the nature of intelligence itself.

The Thing with Feathers explores the astonishing homing abilities of pigeons, the good deeds of fairy-wrens, the influential flocking abilities of starlings, the…


Book cover of Strategy: An Introduction to Game Theory

Felix Munoz-Garcia Author Of Game Theory: An Introduction with Step-by-Step Examples

From my list on learning Game Theory.

Why am I passionate about this?

I am a Professor of Economics at Washington State University. My research focuses on applying Game Theory and Industrial Organization models to polluting industries and other regulated markets. I analyze how firms strategically respond to environmental regulation, including their output and pricing decisions, their investments in clean technologies, and merger decisions, both under complete and incomplete information contexts.

Felix's book list on learning Game Theory

Felix Munoz-Garcia Why did Felix love this book?

This book is a short introduction to undergraduate-level Game Theory, with a special focus on basic games of complete information and contracts.

It avoids jargon, notation, or formal definitions but emphasizes economic intuition and offers many examples in each chapter. Some chapters require a good math background, making the book a good fit for students who already took at least one course in algebra and calculus.

By Joel Watson,

Why should I read it?

1 author picked Strategy as one of their favorite books, and they share why you should read it.

What is this book about?

Joel Watson has refined his successful text to make it even more student-friendly. A number of sections have been added, and numerous chapters have been substantially revised. Dozens of new exercises have been added, along with solutions to selected exercises. Chapters are short and focused, with just the right amount of mathematical content and end-of-chapter exercises. New passages walk students through tricky topics.


Book cover of Economic Fables

Eyal Zamir and Barak Medina Author Of Law, Economics, and Morality

From my list on ethics and economics.

Why are we passionate about this?

We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.

Eyal's book list on ethics and economics

Eyal Zamir and Barak Medina Why did Eyal love this book?

One of the world’s leading microeconomic scholars presents in this fascinating book brilliant insights about economic theory and its role in public policy.

Rubinstein challenges several central tenets of game theory, and sheds light on the role economics can and should play in society at large. The book presents economic theory through a series of fables.

The stories provide the basic insights of economics, but also enables us to critically evaluate the effect of implicit assumptions on the predictive power of economic theory and its moral implications.

By Ariel Rubinstein,

Why should I read it?

1 author picked Economic Fables as one of their favorite books, and they share why you should read it.

What is this book about?

"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts…


Book cover of Reinventing the Bazaar: A Natural History of Markets

Steven K. Vogel Author Of Marketcraft: How Governments Make Markets Work

From my list on how markets really work.

Why am I passionate about this?

I first got interested in how markets really work when I wrote my Ph.D. dissertation on the “deregulation” movement in the United States, Western Europe, and Japan. I quickly discovered that deregulation never happened in the literal sense. In most cases, governments had to increase regulation to enhance market competition. They needed more rules to get “freer” markets. This sounds paradoxical at first, but it really isn’t. It makes perfect sense once you realize that markets do not arise spontaneously but rather are crafted by the very visible hand of the government. So I took that insight and I have been running with it ever since.

Steven's book list on how markets really work

Steven K. Vogel Why did Steven love this book?

McMillan offers a highly readable and concise book on how economists understand market institutions.

I love to assign this book to my undergraduate students because McMillan makes sense of some fairly complex topics, such as auction design. And he covers a wide range of topics of current interest, such as corporate governance and intellectual property rights.

By John McMillan,

Why should I read it?

2 authors picked Reinventing the Bazaar as one of their favorite books, and they share why you should read it.

What is this book about?

From the wild swings of the stock market to the online auctions of eBay to the unexpected twists of the world's post-Communist economies, markets have suddenly become quite visible. We now have occasion to ask, "What makes these institutions work? How important are they? How can we improve them?"

Taking us on a lively tour of a world we once took for granted, John McMillan offers examples ranging from a camel trading fair in India to the $20 million per day Aalsmeer flower market in the Netherlands to the global trade in AIDS drugs. Eschewing ideology, he shows us that…


Book cover of The Origins of Unfairness: Social Categories and Cultural Evolution

Paul E. Smaldino Author Of Modeling Social Behavior: Mathematical and Agent-Based Models of Social Dynamics and Cultural Evolution

From my list on (human) behavior that reward working through the math.

Why am I passionate about this?

I am fascinated with the relationship between our individual behaviors and the social structures and institutions in which we live—and how these influence each over time. I think this sort of understanding is important if we want to consider the kind of world we want to live in, and how we might get there from where we are. I take insights from many disciplines, from physics and biology to the cognitive and social sciences, from philosophy and art to mathematics and engineering. I am currently a professor of cognitive and information sciences at the University of California, Merced, and an external professor at the Santa Fe Institute. 

Paul's book list on (human) behavior that reward working through the math

Paul E. Smaldino Why did Paul love this book?

In 2016 I went to a conference in Leuven, Belgium, on computational approaches to understanding science. There I presented a model showing how selection for productivity (good old “publish or perish”) could, over time, degrade the quality of methods used by scientists.

I also met Cailin O’Connor, a philosopher and game theorist who was also studying science with formal models, with a focus on equity, or lack thereof. In this terrific book, Cailin uses game theory and evolutionary dynamics to consider how some social institutions lead to entrenched inequality among people or social classes, as well as how one might combat the forces of unfairness. 

By Cailin O'Connor,

Why should I read it?

2 authors picked The Origins of Unfairness as one of their favorite books, and they share why you should read it.

What is this book about?

In almost every human society some people get more and others get less. Why is inequity the rule in these societies? In The Origins of Unfairness, philosopher Cailin O'Connor firstly considers how groups are divided into social categories, like gender, race, and religion, to address this question. She uses the formal frameworks of game theory and evolutionary game theory to explore the cultural evolution of the conventions which piggyback on these seemingly
irrelevant social categories. These frameworks elucidate a variety of topics from the innateness of gender differences, to collaboration in academia, to household bargaining, to minority disadvantage, to homophily.…


Book cover of Microeconomic Foundations I: Choice and Competitive Markets

Felix Munoz-Garcia Author Of Advanced Microeconomic Theory: An Intuitive Approach with Examples

From my list on advanced microeconomic theory.

Why am I passionate about this?

I am Professor of Economics at Washington State University. My research focuses on applying Industrial Organization to polluting industries and other regulated markets. I analyze how firms strategically respond to environmental regulation, including their output and pricing decisions, their investments in clean technologies, and mergers decisions, both under complete and incomplete information contexts.

Felix's book list on advanced microeconomic theory

Felix Munoz-Garcia Why did Felix love this book?

The first volume examines consumer and producer theory, choice under uncertainty, and general equilibrium; while the second analyzes game theory, contract theory, and mechanism design.

These are, perhaps, the most rigorous, detailed, and advanced books of the typical topics covered in PhD Microeconomics in top institutions nowadays. While excellent for instructors, or advanced PhD students, the two volumes may be rather difficult to cover in the first-year PhD Microeconomics sequence, given their length and technicalities.

Nonetheless, both volumes will be quite helpful for instructors teaching graduate Microeconomics everywhere!

By David M. Kreps,

Why should I read it?

1 author picked Microeconomic Foundations I as one of their favorite books, and they share why you should read it.

What is this book about?

Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to take the reader from acquaintance with these foundational topics to something closer to mastery of the models and results connected to them.
* Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools * Complements standard texts * Covers choice, preference, and utility; structural properties of preferences and…


Book cover of The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win

Jonathan Grotenstein Author Of Ship It Holla Ballas! How a Bunch of 19-Year-Old College Dropouts Used the Internet to Become Poker's Loudest, Craziest, and Richest Crew

From my list on high-stakes poker for people who hate math.

Why am I passionate about this?

As the kid of tournament bridge and Scrabble players, I’ve been hooked on games my whole life. None more so than poker, which has helped me make a living both at the tables and as a writer. I’m currently working on a TV adaptation of Ship It Holla Ballas!  

Jonathan's book list on high-stakes poker for people who hate math

Jonathan Grotenstein Why did Jonathan love this book?

Yet another magazine writer (this time, The New Yorker) using her advance money to take a shot at poker’s biggest tournament. But Konnikova’s enthusiastic and self-critical approach elevates her memoir into something more transcendent and celebratory than its predecessors. This is a love letter to poker, told with fierce intelligence and emotional honesty. If you want a deeper understanding of the game’s gravitational pull on a certain kind of mind, there’s no better guide.

By Maria Konnikova,

Why should I read it?

1 author picked The Biggest Bluff as one of their favorite books, and they share why you should read it.

What is this book about?

A New York Times bestseller * A New York Times Notable Book

"The tale of how Konnikova followed a story about poker players and wound up becoming a story herself will have you riveted, first as you learn about her big winnings, and then as she conveys the lessons she learned both about human nature and herself." -The Washington Post

It's true that Maria Konnikova had never actually played poker before and didn't even know the rules when she approached Erik Seidel, Poker Hall of Fame inductee and winner of tens of millions of dollars in earnings, and convinced him…


Book cover of Microeconomics

Ana Espinola-Arredondo Author Of Intermediate Microeconomic Theory: Tools and Step-by-Step Examples

From my list on getting into microeconomics.

Why am I passionate about this?

When understanding the interactions in our economy, it is critical to recognize all participants in this complex system. I’m passionate about microeconomics because it provides me with a different perspective to examine the world around me. I use my microeconomic glasses and I enjoy rationalizing the daily interactions and predicting the potential outcomes.

Ana's book list on getting into microeconomics

Ana Espinola-Arredondo Why did Ana love this book?

This is a classic reference for students learning microeconomic theory, both in economics and business degrees.

It offers a nice combination of motivating real-life examples, rigor, figures, and intuitive explanations.

Because it avoids mathematical details in most chapters, it is often used in introductory courses, helping get students “hungry for more” in next courses, such as intermediate or advanced microeconomics.

However, it assumes a bit more mathematical background than Krugman and Wells’ book (presented above), so it can be used as the main reference for introductory courses if students have some basic algebra.

By Robert Pindyck, Daniel Rubinfeld,

Why should I read it?

1 author picked Microeconomics as one of their favorite books, and they share why you should read it.

What is this book about?

For Intermediate Microeconomics courses.

This package includes MyLab Economics.

Microeconomics and its role in decision making and public policy

Microeconomics exposes readers to topics that play a central role in microeconomics. From game theory and competitive strategy, to the roles of uncertainty and information, and the analysis of pricing by firms with market power, the text helps you understand what's going on in the world of business. It also shows you how microeconomics can be used as a practical tool for decision-making and for designing and understanding public policy. The 9th Edition further illustrates microeconomics' relevance and usefulness with new…


Book cover of Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

Victor Haghani Author Of The Missing Billionaires: A Guide to Better Financial Decisions

From my list on intelligent financial decision-making in less than 200 pages.

Why am I passionate about this?

I have over four decades of experience working and innovating in the financial markets and have been a prolific contributor to academic and practitioner finance literature. I started my career at Salomon Brothers in 1984, where I became a managing director in the bond-arbitrage group, and in 1993 I was a co-founding partner of the hedge fund Long-Term Capital Management. I founded Elm Wealth in 2011 to help clients, including my own family, manage and preserve their wealth with a thoughtful, research-based, and cost-effective approach that covers not just investment management but also broader decisions about wealth and finances.

Victor's book list on intelligent financial decision-making in less than 200 pages

Victor Haghani Why did Victor love this book?

I loved this timeless classic. This book gets down to the essence of how to safely navigate Wall Street, where everyone wants a slice of your financial pie. It’s a quick and hilarious read that challenges the conventional investment wisdom that Wall Street tries to get you to believe.

You’ll become a more savvy and skeptical investor and avoid costly mistakes in your financial life. I gave a copy of this book to all my three children, and they loved it too!

By Fred Schwed,

Why should I read it?

4 authors picked Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street as one of their favorite books, and they share why you should read it.

What is this book about?

'Once I picked it up I did not put it down until I finished...What Schwed has done is capture fully-in deceptively clean language - the lunacy at the heart of the investment business' - From the Foreword by Michael Lewis, Bestselling author of "Liar's Poker". '...one of the funniest books ever written about Wall Street' - Jane Bryant Quinn, "The Washington Post". 'How great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. Only the names have been changed to protect the innocent' - Michael Bloomberg. 'It's amazing how…


Book cover of Machine Dreams: Economics Becomes a Cyborg Science

Avner Offer Author Of The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn

From my list on the history of economic thought.

Why am I passionate about this?

As a Professor of Economic History at the Oxford University, I taught the history of economic thought and wrote articles and a book in the field (The Nobel Factor). I love the limpid style and encompassing view of the classical economists (the first century after Smith). Their literary and academic styles have been abandoned, but they still have a great deal to teach. The role of land and natural resources as a factor of production in their theory has become relevant again as the environment comes under pressure. I also published in several other fields. My latest book is Understanding the Private-Public Divide: Markets, Governments and Time Horizons (2022). 

Avner's book list on the history of economic thought

Avner Offer Why did Avner love this book?

Read anything by Mirowski. By far the best writer in the field today.

Highly original, massively intelligent, stimulating, witty, deeply informed, a trenchant writer. His life’s work is to probe the validity and scientific pretensions of the discipline.

The critiques are biting, all the more so for the real-world authority wielded by economists. That he is sometimes a provocative maverick adds to the appeal.

Machine Dreams argued implausibly (for its time) that economics had embraced robotic simulation. The emergence of AI shows how far ahead of its time it was.

A better read than most straight economics. 

By Philip Mirowski,

Why should I read it?

1 author picked Machine Dreams as one of their favorite books, and they share why you should read it.

What is this book about?

This was the first cross-over book into the history of science written by an historian of economics. It shows how 'history of technology' can be integrated with the history of economic ideas. The analysis combines Cold War history with the history of postwar economics in America and later elsewhere, revealing that the Pax Americana had much to do with abstruse and formal doctrines such as linear programming and game theory. It links the literature on 'cyborg' to economics, an element missing in literature to date. The treatment further calls into question the idea that economics has been immune to postmodern…