What are the stages involved in a self-fulfilling prophecy? Explain with an example.

A self-fulfilling prophecy involves three stages.First, a person believes that a certain event will happen in the future. Second, this expectation, or prophecy, leads to anew behavior that the person would have not engaged in without the expectation. Third,the expected event takes place (partly as a result of the change in behavior), and the prophecy is fulfilled. A vivid example is the collapse of the Last National Bank, which was a stable and solvent financial institution in the early 1930s during the Great Depression in the United States. First, people began to believe (incorrectly)that the Last National Bank was on the verge of bankruptcy. Second, the people who had accounts at the bank panicked and withdrew all their money. Third, the bank collapsed. The initial belief (that the bank was ready to collapse)was false, but once people withdrew all their money, the bank really did collapse.