If people believe a bank is going to fail, this can cause them to withdraw their money, which in turn leads to the bank's failure. What concept does this example illustrate?

Question

Quizplus · Accepted Answer

This example illustrates the concept of a self-fulfilling prophecy, wherein the belief that the bank will fail leads to people withdrawing their money, ultimately causing the bank's failure, thus fulfilling the initial belief. A role conflict refers to conflicting requirements of two or more roles that an individual holds, a hidden curriculum refers to the unintended lessons taught in school, and a status conflict refers to conflicting positions or roles within a social hierarchy.

If People Believe a Bank Is Going to Fail, This