Lisa Kramer
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lisakramer.com
Lisa Kramer
@lisakramer.com

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

Economics 65%
Business 13%
Pinned
From my personal archives, spotted 10 years ago in the lunchroom at the NBER 📉📈

I just finished reading The Gales of November, a gripping book about the ill-fated Edmund Fitzgerald, how events unfolded, the people who didn’t make it home, the friends and family that mourned their loss, and the backstory behind the song inspired by the tragedy. I’m glad to have learned so much.

Aw, shucks! 😊

Spotted in the wild while on an adventure, the endangered Grand Cayman blue iguana

I’m just cc-ed my darling husband on a personal email and got his auto-responder, which he set up while already in a very relaxed state on our week-long vacation. His typo has serious “wish I were on sabbatical” vibes.

Love is: driving in a country with left-side-of-the-road driving for your first time, with a navigator/husband who keeps mixing up instructions to turn left versus right, and not ending up divorced ❤️🚙

We’re in the Cayman Islands for some R&R 🏝️

Installation of the Merlin bird pack for the Caribbean: activated ✅

So many people are coughing at the airport. At security an agent was frantically sanitizing her kiosk. “Everybody is coughing! I don’t want to get sick & bring that home to my kid!” Dear reader, was she wearing a mask? She was not. (Some were. I’m just surprised how many weren’t, including coughers)

Unfortunately, I suspect stories like this will become increasingly common
Closing out my year with a journal editor shocker 🧵

Checking new manuscripts today I reviewed a paper attributing 2 papers to me I did not write. A daft thing for an author to do of course. But intrigued I web searched up one of the titles and that's when it got real weird...

I suspect approximately 0% of people who “donate their bodies for science, such as organ donations” would explicitly consent to their fat being used to create products sold to clinics offering $100,000 cosmetic procedures to wealthy clients.
“Rather than relying on an implant or a patient's own body fat to add volume to hips or augment breasts, alloClae — which can cost as much as $100,000 per procedure — uses donor fat from a cadaver as a first-of-its-kind body filler.”
Corporate types are clamoring for a new kind of plastic surgery — using dead people's fat
Corporate types are waiting weeks for — and spending big on — alloClae, which cuts out the recovery time typically associated with body enhancements.
www.businessinsider.com

Trying to remember why I thought it was a good idea to have the interior of our home repainted while we’re away. Flight leaves tomorrow at 8am and here we are rearranging furniture, moving wall art, and getting sore muscles in preparation for the painters.
elmo from sesame street is on fire with his arms in the air .
Alt: elmo from sesame street is standing in front of flames with his arms in the air
media.tenor.com
“Rather than relying on an implant or a patient's own body fat to add volume to hips or augment breasts, alloClae — which can cost as much as $100,000 per procedure — uses donor fat from a cadaver as a first-of-its-kind body filler.”
Corporate types are clamoring for a new kind of plastic surgery — using dead people's fat
Corporate types are waiting weeks for — and spending big on — alloClae, which cuts out the recovery time typically associated with body enhancements.
www.businessinsider.com

Peripheral to your point but I could do an entire rant on how not to do data visualization based on this chart from the article
Closing out my year with a journal editor shocker 🧵

Checking new manuscripts today I reviewed a paper attributing 2 papers to me I did not write. A daft thing for an author to do of course. But intrigued I web searched up one of the titles and that's when it got real weird...

This reads like an episode of The Office, where Michael and Dwight brought in an AI bot to profit-maximize the office vending machine but then Pam and Jim tricked it into giving everything away for free to undermine capitalism.

Only it really happened.

Gift link:

www.wsj.com/tech/ai/anth...
We Let AI Run Our Office Vending Machine. It Lost Hundreds of Dollars.
An AI agent ran a snack operation in the WSJ newsroom. It gave away a free PlayStation, ordered a live fish—and taught us lessons about the future of AI.
www.wsj.com

Remembering a time when I was at the Centurion Lounge at SFO and I asked the bartender to surprise me with something containing gin. He presented me with The Last Word, which remains a favorite, albeit not something I can imbibe with any real frequency and remain upright.

Our Bodies, Ourselves

More cats experiencing Christmas on my timeline, please

I don’t know how this happened but my phone case matches my sweater

So pleased to see the #ASSA2026 app now has a post to BlueSky option!
The Federal Trade Commission is hiring PhD Economists (very late, because shutdown)!

Please repost/quote so JMCs can see.

- no experience: www.usajobs.gov/job/851497400
- some experience: www.usajobs.gov/job/851497300
- much experience: www.usajobs.gov/job/851496000

#Economics #EconSky

The most hilarious documentary I have seen in ages: Listers. It's as funny as the best mockumentaries, all the while being 100% non-fiction. I'm already looking forward to watching it again.
www.youtube.com/watch?v=zl-w...
LISTERS: A Glimpse Into Extreme Birdwatching
YouTube video by owen reiser
www.youtube.com

Yesterday I went to a colleague’s research seminar on faculty salary dynamics in North America.

Which discipline has the highest paid faculty members on average?

Finance.

Which discipline’s faculty members are least satisfied by their pay on average?

Also finance.

🤷‍♀️

ssrn.com/abstract=393...
Market Forces in Academia: Returns to Education and Faculty Pay
We study long-term trends in the compensation of faculty and its drivers in the U.S. and Canada using a panel dataset covering most research institutions. We do
ssrn.com

Instant endorphin rush: husband and I just bought toys our childhood selves would have enjoyed and then dropped them off at the “Stuff the Bus” event jointly organized by Toronto Police Services and Toronto Transit Commission

😭

Few things age me faster than receiving a compliment on my "early" work.

Inspired by your post I figured I'd see what kind of infographic AI might produce for your book, A Course in Behavioral Economics. Buckle up!