more on empirical work and specific policy questions." In chronicling Thaler's path to Nobel laureate, John Cassidy notes that although Thaler's "nudge" theory may not overcome every shortcoming of traditional economics, it has at least grappled with them "in ways that have yielded important insights in areas ranging from finance to international development". Other honors and awards In addition to earning the Nobel Memorial Prize in Economic Sciences, Thaler holds many other honors and awards. He is a member of the National Academy of Science, the American Academy of Arts and Sciences, a Fellow of the American Finance Association, and more. Behavioral finance and other applications in policy Thaler also is the founder of an asset management firm, Fuller & Thaler Asset Management, which believes that investors will capitalize on cognitive biases such as the endowment effect, loss aversion and status quo bias. Since 1999, he has been the Principal of the firm, which he co-founded in 1993. Russell Fuller, in charge of the firm's daily operations, said Thaler has changed the economics profession in that "[h]e doesn't write papers that are full of math. He writes papers that are full of common sense." Since 1991, Thaler has also served as the co-director of the National Bureau of Economic Research Behavioral Economics Project. Thaler was also involved in the establishment of the Behavioural Insights Team, which was originally part of the British Government's Cabinet Office but is now a limited company. Thaler made a cameo appearance as himself in the 2015 movie The Big Short, which was about the credit and housing bubble collapse that led to the 2008 global financial crisis. During one of the film's expository scenes, he helped pop star Selena Gomez explain the 'hot hand fallacy,' in which people believe that whatever is happening now will continue to happen in the future. As a consequence of his appearance in the film, Thaler has an Erdős–Bacon number of 5. Publications Books Thaler, Richard H. 1992. The Winner's Curse: Paradoxes and Anomalies of Economic Life. Princeton: Princeton University Press. . Thaler, Richard H. 1993. Advances in Behavioral Finance. New York: Russell Sage Foundation. . Thaler, Richard H. 1994. Quasi Rational Economics. New York: Russell Sage Foundation. . Thaler, Richard H. 2005. Advances in Behavioral Finance, Volume II (Roundtable Series in Behavioral Economics). Princeton: Princeton University Press. . Thaler, Richard H., and Cass Sunstein. 2009 (updated edition). Nudge: Improving