Lisa A. Kramer | Lightnews

Lisa Kramer

@lisakramer.com

6.1K followers 340 following 730 posts

Financial economist musing on behavioural finance, behavioral economics, emotion, markets, risk, pensions, humans, & animals.

Professor of Finance, University of Toronto
Joint Sponsors, UPP
Board of Directors, UTAM & We Animals

http://www.lisakramer.com .. more

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Lisa Kramer @lisakramer.com · Nov 15

From my personal archives, spotted 10 years ago in the lunchroom at the NBER 📉📈

A paper sign taped to a fridge door, which reads:

To the person with the JP Licks ice cream:

This is not a freezer that keeps anything frozen. The ice cream spilled. It has been put in the upstairs freezer.

To the person with the beer:

Please remove your beer from this refrigerator. This is not the place for it. This is a small refrigerator. Only food that you consume at the NBER belongs here. Do you really drink beer at the NBER?

Lisa Kramer @lisakramer.com · 11h

The first thing I do when I check into a hotel is rearrange the furniture to face the “correct” way! (It’s great to be back in the Pacific Northwest, enjoying the view!)

Hotel room with comfy chair incorrectly positioned for anyone seated to enjoy the view at its back

Hotel room with comfy chair ideally positioned facing the view

Lisa Kramer @lisakramer.com · 12h

“The AI people are using now can be dangerous, especially if the user isn’t fully aware of the biases, inaccuracies and other limits” of large language models, said MIT's Andrew Lo

Gift link:

www.wsj.com/tech/ai/ai-c...

Why AI Chatbots Can’t Be Trusted for Financial Advice: They’re Sociopaths

Today’s large language models like ChatGPT don’t have the training to act in users’ best interest, but an MIT professor hopes to teach them how.

www.wsj.com

Lisa Kramer @lisakramer.com · 3d

Idea: an airport hat-swapping service. When a traveler arrives and disembarks their flight, they grab a hat at the kiosk. Then some days later they drop the hat off at the kiosk prior to boarding their departing flight. Rinse & repeat. My closet gets less full and we all have hats during our trips!

Lisa Kramer @lisakramer.com · 3d

My closet at home is filled with all the hats I have bought on trips because I forgot to bring one

Lisa Kramer @lisakramer.com · 4d

A workshop on making events more equitable and inclusive. In-person only.

Lisa Kramer @lisakramer.com · 5d

Keynote delivered with grace and good humour by Dr. Amir Zarrinpar of UCSD Health Sciences

Lisa Kramer @lisakramer.com · 5d

Fascinating topic for a conference keynote, albeit challenging during dinner!

PowerPoint slide projected on a screen at a conference dinner:

Fecal Microbiota Transplantation (FMT)

FMT used in traditional Chinese Medicine as early as 4th century
• Ge Hong - Handbook of Emergency Treatments
• Proposed therapy for food poisoning and severe diarrhea
• "Yellow soup" or "golden soup" transferring gut microbiota from healthy to the sick

Lisa Kramer @lisakramer.com · 5d

I am participating at a conference at the Kroner and Koenigsberger Center for Financial Research, at the UCSD Rady School of Management in San Diego, and the view does not suck

The view over La Jolla from the Survivance Conference Center on UCSD campus

Lisa Kramer @lisakramer.com · 6d

This morning, I couldn’t find my laptop and jumped to the conclusion that I must have forgotten it in the seat-back pocket after my flight yesterday. I just about started a lost-item claim with the airline. Then I remembered putting it in my in-room safe last night. This is my brain on jet lag.

Reposted by Caroline Krafft, Valerie Mueller

Lisa Kramer @lisakramer.com · 10d

Another important paper, now in print at AER: "Potential" and the Gender Promotion Gap

🎯Subjective assessments of employee "potential" account for about half the gender promotion gap.

🎯 This is despite fact that women go on to outperform their male colleagues.

www.aeaweb.org/articles?id=...

"Potential" and the Gender Promotion Gap

Alan Benson
Danielle Li
Kelly Shue

American Economic Review
vol. 116, no. 2, February 2026
(pp. 375–417)

Abstract

We show that subjective assessments of employee "potential" contribute to gender gaps in promotion and pay. Using data on 29,809 management-track employees from a large retail chain, we find that women receive substantially lower potential ratings despite receiving higher performance ratings. Differences in potential ratings account for approximately half of the gender promotion gap. Women's lower potential ratings do not reflect accurate forecasts of future performance: Women subsequently outperform male colleagues, both on average and on the margin of promotion. We highlight two mechanisms driving the gender potential gap: strategic retention and stereotyping.

Lisa Kramer @lisakramer.com · 10d

Important paper alert, now in print at AER: "Gender Differences in Economics Seminars"

🎯 "Within a seminar series, women are interrupted more than men."

🎯 Women experience more "Interruptions that are negative in tenor or tone or cut off the presenter mid-sentence".

www.aeaweb.org/articles?id=...

Abstract
We assess whether men and women are treated differently when presenting their economics research. We collected data across thousands of seminars, job market talks, and conference presentations, leveraging human judgment and audio-processing algorithms to measure the number, tone, and type of interruptions. Within a seminar series, women are interrupted more than men. This holds when controlling for characteristics of the presenter, paper, and audience. Interruptions that are negative in tenor or tone or cut off the presenter mid-sentence increase for women presenters. We also find greater engagement of female audience members with female presenters, suggesting a potential role model effect.

Gender Differences in Economics Seminars

Pascaline Dupas
Amy Handlan
Alicia Sasser Modestino
Muriel Niederle
Mateo Seré
Haoyu Sheng
Justin Wolfers
Seminar Dynamics Collective

American Economic Review
vol. 116, no. 2, February 2026
(pp. 749–89)

Lisa Kramer @lisakramer.com · 15d

Current status of a Toronto bee hotel

A bee hotel during a winter storm with about two feet of snow on top its roof

Lisa Kramer @lisakramer.com · 17d

Current conditions in Toronto, officially, based on the weather app.

Reposted by Lisa A. Kramer

Jess Calarco @jessicacalarco.com · 18d

I checked my kids' school website to see what the policies are for extreme cold, and at the top of the page, there's a new warning, telling families:

"Don't Rely on AI (for School Delay and Closure Information)"

Lisa Kramer @lisakramer.com · 21d

This has all the makings of a cat superhero origin story

danniemcq @danniemcq.bsky.social · 21d

Cat wandered in front of the camera during the #aurora long exposure

Reposted by Shannon Vallor, Peter Thorne, Elena Litchman , and 6 more Shannon Vallor, Peter Thorne, Elena Litchman, Steve Peers, John McLaren, Catherine J. Frieman, Judith Jesch, Lisa A. Kramer, Evan Roberts

danniemcq @danniemcq.bsky.social · 21d

Cat wandered in front of the camera during the #aurora long exposure

Lisa Kramer @lisakramer.com · 22d

Any chance you can take longer and drive there? The route along the St Lawrence River and then around the Gaspé Peninsula are full of sights to behold.

Reposted by Paul Goldsmith-Pinkham

Lisa Kramer @lisakramer.com · 24d

It was meant to be a 1-year study, but …

Neuroskeptic @neuroskeptic.bsky.social · 24d

"In the present study, we conducted an 18-year longitudinal study of procrastination." pubmed.ncbi.nlm.nih.gov/41538224/ I'll get round to doing my own study of procrastination one day.

Once a procrastinator, always a procrastinator? Examining stability, change, and long-term correlates of procrastination during young adulthood - PubMed

Procrastination-a voluntary delay of an intended action despite the expectation of negative consequences-is a widespread phenomenon. Previous research has mainly focused on procrastination in specific situations and has rarely examined stability and change in procrastination over long periods of tim …

pubmed.ncbi.nlm.nih.gov

Reposted by Lisa A. Kramer

Neuroskeptic @neuroskeptic.bsky.social · 24d

"In the present study, we conducted an 18-year longitudinal study of procrastination." pubmed.ncbi.nlm.nih.gov/41538224/ I'll get round to doing my own study of procrastination one day.

Once a procrastinator, always a procrastinator? Examining stability, change, and long-term correlates of procrastination during young adulthood - PubMed

pubmed.ncbi.nlm.nih.gov

Lisa Kramer @lisakramer.com · 25d

Alas, for privacy reasons I’m required to use the sandboxed tool available through my employer for this particular task.

Lisa Kramer @lisakramer.com · 25d

I've been tinkering with Chat GPT, trying to get it to follow basic instructions to create a spreadsheet. It's taking countless iterations, yielding horribly inadequate results. The only thing it's getting right is the file name, e.g. new_final_fixed_v5.xlsx. I think everyone's jobs are safe.

Lisa Kramer @lisakramer.com · 26d

Further UofT campus status updates: www.utoronto.ca/campus-status

Campus status

Find out the campus status for the University of Toronto's three campuses.

www.utoronto.ca

Lisa Kramer @lisakramer.com · 26d

Snow has closed all three campuses at the University of Toronto today. Yet somehow I still have (virtual) meetings. Snow days ain’t what they once were.