It’s generally considered to be the most prestigious prize for the field of economics.
In addition to his day job as an economist, Thaler once had a cameo appearance in the film “The Big Short,” next to pop star Selena Gomez.
In the scene, Gomez explains the concept of the “hot hand fallacy,” a key behavioral feature that drove the rise of synthetic collateralised debt obligations – one of the key drivers of the US subprime mortgage crisis in 2007.
“The Big Short” movie is based on Michael Lewis’ book “The Big Short: Inside the Doomsday Machine” on the 2007-2008 financial crisis.
You can watch the scene in clip below starting around the 3:31 minute mark, courtesty of Youtube.