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
Professor of Finance, University of Toronto
Joint Sponsors, UPP
Board of Directors, UTAM & We Animals
http://www.lisakramer.com
Pinned
Lisa Kramer
@lisakramer.com
ยท Nov 15
From my personal archives, spotted 10 years ago in the lunchroom at the NBER ๐๐
The hallucination possibilities are endless.
January 10, 2026 at 11:57 AM
The hallucination possibilities are endless.
Or a question mark. โSuccessfully striving for happiness: So?โ
January 10, 2026 at 11:55 AM
Or a question mark. โSuccessfully striving for happiness: So?โ
For some reason two UofT finance positions I'm aware of this year (and the Rady position) were advertised on AFA but not AEA. I believe a posting needs to have appeared on the AEA JOE website to participate in the AEA Job Market Information Board. I'll look into that for next year for UofT postings.
January 9, 2026 at 12:22 AM
For some reason two UofT finance positions I'm aware of this year (and the Rady position) were advertised on AFA but not AEA. I believe a posting needs to have appeared on the AEA JOE website to participate in the AEA Job Market Information Board. I'll look into that for next year for UofT postings.
Hey #Toronto, the @utoronto.ca medical bookstore appears to have over 3000 boxes of KN95 masks (20 masks/box) available for $0.01/box. Good time to stock up!
www.uoftmedstore.com/catalog.sz?p...
HT @cathycrowe.bsky.social who provides bookstore contact into here: bsky.app/profile/cath...
www.uoftmedstore.com/catalog.sz?p...
HT @cathycrowe.bsky.social who provides bookstore contact into here: bsky.app/profile/cath...
January 8, 2026 at 12:03 AM
Hey #Toronto, the @utoronto.ca medical bookstore appears to have over 3000 boxes of KN95 masks (20 masks/box) available for $0.01/box. Good time to stock up!
www.uoftmedstore.com/catalog.sz?p...
HT @cathycrowe.bsky.social who provides bookstore contact into here: bsky.app/profile/cath...
www.uoftmedstore.com/catalog.sz?p...
HT @cathycrowe.bsky.social who provides bookstore contact into here: bsky.app/profile/cath...
Reposted by Lisa Kramer
#ASSA2026 Proud of my student Elham Tabatabaei, on the job market, who was part of the AFA poster session with her great paper Mixed Messages by Firmsโ Managers: An Exploration into the Strategic Use of Tonal Inconsistency across
Managerial Financial Communications papers.ssrn.com/sol3/papers....
Managerial Financial Communications papers.ssrn.com/sol3/papers....
Mixed Messages: Strategic Tonal Inconsistency and Recovery of the PEAD Anomaly
<div>
Using conference call transcripts and contemporaneous press releases, I document that inconsistent managerial tone across these communication channels re
papers.ssrn.com
January 5, 2026 at 2:48 PM
#ASSA2026 Proud of my student Elham Tabatabaei, on the job market, who was part of the AFA poster session with her great paper Mixed Messages by Firmsโ Managers: An Exploration into the Strategic Use of Tonal Inconsistency across
Managerial Financial Communications papers.ssrn.com/sol3/papers....
Managerial Financial Communications papers.ssrn.com/sol3/papers....
I think back to my time as an undergraduate student and then graduate student. There were not many senior women in the profession to serve as role models or mentors. Itโs wonderful to see more diverse representation at the American Finance Association and in the finance profession more broadly.
January 4, 2026 at 10:53 PM
I think back to my time as an undergraduate student and then graduate student. There were not many senior women in the profession to serve as role models or mentors. Itโs wonderful to see more diverse representation at the American Finance Association and in the finance profession more broadly.
Yeah, Iโve heard โstah-taโ a lot, and I donโt like it! ๐
Iโve never heard โlah-techโ, thankfully. Only โlay-techโ (โ ) and โlay-techsโ (๐ฑ)
Iโve never heard โlah-techโ, thankfully. Only โlay-techโ (โ ) and โlay-techsโ (๐ฑ)
January 4, 2026 at 3:07 AM
Yeah, Iโve heard โstah-taโ a lot, and I donโt like it! ๐
Iโve never heard โlah-techโ, thankfully. Only โlay-techโ (โ ) and โlay-techsโ (๐ฑ)
Iโve never heard โlah-techโ, thankfully. Only โlay-techโ (โ ) and โlay-techsโ (๐ฑ)
January 4, 2026 at 3:01 AM
Thank you! The paper is available here: papers.ssrn.com/sol3/papers....
Intergenerational Race-Based Trauma and Financial Market Participation
Theory and empirical research attribute low household stock market participationย <span>partly to market frictions and behavioral biases, but substantial cr
papers.ssrn.com
January 3, 2026 at 10:48 PM
Thank you! The paper is available here: papers.ssrn.com/sol3/papers....
On average we may be ok. It feels like itโs in the 60s in the Loews meeting rooms. Iโm wearing a tank top, but as an extra layer under my shirt and blazer!
January 3, 2026 at 7:20 PM
On average we may be ok. It feels like itโs in the 60s in the Loews meeting rooms. Iโm wearing a tank top, but as an extra layer under my shirt and blazer!
I only use 5 and 2 in most cases. I used to display a countdown clock on an iPad but I find the flash cards somehow work better.
January 3, 2026 at 7:18 PM
I only use 5 and 2 in most cases. I used to display a countdown clock on an iPad but I find the flash cards somehow work better.
I always keep these time cards in my toolkit when I travel to chair a conference session. Happily, today at #ASSA2025 there was no need for me to flash the dreaded skull & crossbones card. Many thanks to the organizers of the long-ago EFA2012 conference in Copenhagen for creating the cards!
January 3, 2026 at 6:48 PM
I always keep these time cards in my toolkit when I travel to chair a conference session. Happily, today at #ASSA2025 there was no need for me to flash the dreaded skull & crossbones card. Many thanks to the organizers of the long-ago EFA2012 conference in Copenhagen for creating the cards!
Tomorrow my co-author Vicki Bogan will present our paper โIntergenerational Race-Based Trauma and Financial Market Participationโ at #ASSA2026 in a session she is chairing: โInvestigating Racial Inequality through Historical Data and Eventsโ
Sun. Jan. 4, 2:30-4:30
www.aeaweb.org/conference/2...,
Sun. Jan. 4, 2:30-4:30
www.aeaweb.org/conference/2...,
January 3, 2026 at 6:13 PM
Tomorrow my co-author Vicki Bogan will present our paper โIntergenerational Race-Based Trauma and Financial Market Participationโ at #ASSA2026 in a session she is chairing: โInvestigating Racial Inequality through Historical Data and Eventsโ
Sun. Jan. 4, 2:30-4:30
www.aeaweb.org/conference/2...,
Sun. Jan. 4, 2:30-4:30
www.aeaweb.org/conference/2...,
Official answer: rhymes with however you pronounce data.
(So obviously the correct pronunciation is โStay-taโ ๐)
And donโt get me started on LaTeX!
(So obviously the correct pronunciation is โStay-taโ ๐)
And donโt get me started on LaTeX!
January 3, 2026 at 12:13 PM
Official answer: rhymes with however you pronounce data.
(So obviously the correct pronunciation is โStay-taโ ๐)
And donโt get me started on LaTeX!
(So obviously the correct pronunciation is โStay-taโ ๐)
And donโt get me started on LaTeX!
Reposted by Lisa Kramer
#ASSA2026 @AEACSWEP/AEA Room for Nursing Mothers at the Marriott Philadelphia Downtown Room 301, third floor; KiddieCorp childcare also at the Marriott in Room 302 & 303
January 2, 2026 at 10:01 PM
#ASSA2026 @AEACSWEP/AEA Room for Nursing Mothers at the Marriott Philadelphia Downtown Room 301, third floor; KiddieCorp childcare also at the Marriott in Room 302 & 303
I went to the Stata exhibit at #ASSA2026 and asked the burning question on everyoneโs mind. What is the right way to pronounce Stata?
What do you think the answer was / how do you pronounce it?
What do you think the answer was / how do you pronounce it?
January 2, 2026 at 11:14 PM
I went to the Stata exhibit at #ASSA2026 and asked the burning question on everyoneโs mind. What is the right way to pronounce Stata?
What do you think the answer was / how do you pronounce it?
What do you think the answer was / how do you pronounce it?
If youโre attending #ASSA2026, you wonโt want to miss these four great papers and discussions in the session Iโm chairing tomorrow:
Behavioral Finance: Predictable Stock Returns
10:15 am - 12:15 pm on Saturday, Jan 03, in Commonwealth C at the Loews Philadelphia Hotel
afajof.org/management/c...
Behavioral Finance: Predictable Stock Returns
10:15 am - 12:15 pm on Saturday, Jan 03, in Commonwealth C at the Loews Philadelphia Hotel
afajof.org/management/c...
January 2, 2026 at 12:36 PM
If youโre attending #ASSA2026, you wonโt want to miss these four great papers and discussions in the session Iโm chairing tomorrow:
Behavioral Finance: Predictable Stock Returns
10:15 am - 12:15 pm on Saturday, Jan 03, in Commonwealth C at the Loews Philadelphia Hotel
afajof.org/management/c...
Behavioral Finance: Predictable Stock Returns
10:15 am - 12:15 pm on Saturday, Jan 03, in Commonwealth C at the Loews Philadelphia Hotel
afajof.org/management/c...
When I first moved to Toronto I initially stayed with my sister-in-law and her family, in the spare room beneath their infantโs bedroom. I lasted a mere few days listening to crying and the thud of toys tossed from the crib before I got my own place.๐That infant is now a fully fledged awesome adult.
January 2, 2026 at 1:13 AM
When I first moved to Toronto I initially stayed with my sister-in-law and her family, in the spare room beneath their infantโs bedroom. I lasted a mere few days listening to crying and the thud of toys tossed from the crib before I got my own place.๐That infant is now a fully fledged awesome adult.
At the Toronto Pearson Airport de-icing station
January 1, 2026 at 7:55 PM
At the Toronto Pearson Airport de-icing station