How we change what others think, feel, believe and do

Investment principle

Principles > Investment principle

Principle

If I have invested in something, I do not want to waste that investment.

Investing in something, by the way, includes not only money, but also (and particularly) time and emotion.

How it works

When someone makes an investment in something, it is because they have predicted the future and decided that the investment of time, energy (and possibly money) is worthwhile. They have also included gaining a return on that investment into their goals.

Self and mourning

An investment brings that thing closer to me and makes it a part of my sense of Identity, particularly if I attach emotional meaning to it. It becomes a part of me, and to detach it is remove a part of my self, such that I will feel a sense of loss and will go through a mourning process. Thoughts about this are often enough to dissuade any easy disinvestment.

Public commitment

If I have made a public commitment to something then going against that commitment will show me to be lack consistency and hence appear two-faced or a poor decision-maker. Hence I will be very unhappy to have to pull out, and especially so if that public commitment was to people who I respect and whose respect and support I will need in the future.

Pulling out

Because we have invested in something, it does not mean we will never pull out of it, and the Investment Model explains how we are constantly assessing the situation to determine whether we should stay or cut our losses and leave.

Investment often represents a sunk cost that can never be recouped. To pull out can seem like making a loss. Whilst still invested, there is hope of recovery. This is sometimes called the Gambler's trap.

So what

Get the other person to invest time and energy. It can be small at first, but then the commitment caused by that small investment can be used to gain further investment and so on.

Make the investment complex, including their thoughts, ideas, time and money. Get them to do things, to become physically involved. In particular, get them to make public commitments and to invest in highly visible acts.