Home > Term: self fulfilling prophecy
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.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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