Financial Decision-Making Vocabulary

noun A decision stream is a series of decisions or choices made in a particular order or sequence.

• The decision stream within the organization must be carefully managed to ensure efficient workflow.
• Let's make sure we're all on the same page with the decision stream for this project.
• I'm totally lost in the decision stream, can someone help me out?
• Navigating the decision stream is like trying to find your way through a maze.

noun a branch of economics that combines insights from psychology and economics to explore how individuals make decisions

• The study of behavioural economics examines how psychological factors influence economic decisions and outcomes.
• People's spending habits are often studied in the field of behavioural economics.
• In the world of money, behavioural economics is all about how our brains mess with our wallets.
• Understanding behavioural economics is like peeking behind the curtain of our financial choices.

noun A person who appoints or has the power to appoint someone to a position or role

• The appointor has the authority to select a trustee for the trust.
• The appointor gets to choose who will be in charge of the trust.
• The appointor calls the shots when it comes to picking the trustee.
• Like a puppeteer, the appointor pulls the strings to determine the trustee of the trust.