self-fulfilling prophecy
Definitions
Economics
- (written as self fulfilling prophecy)A prediction that comes true entirely because people believe it and act on that basis. Thus for example, a prediction that a pegged exchange rate will devalue can cause that to happen, if enough people hear it, believe it, and act on that basis by selling the currency.
Media Studies
- noun an event about which expectations are so strong that they have the effect of making those expectations come true
