Take a deep breath, close your eyes and relax: visitors to this year’s Frieze Art Fair are being encouraged to face their deepest fears about the financial crisis – and then hypnotised into overcoming them.

A four-part, 12-minute video by the Danish art collective Superflex will be shown at the annual contemporary showcase, which opens to the public on Thursday in London’s Regent’s Park, asking viewers to imagine a series of financial calamities.