deepstash
Beta
Deepstash brings you key ideas from the most inspiring articles like this one:
Read more efficiently
Save what inspires you
Remember anything
4
Key Ideas
Save all ideas
The world is seeing panic buying in supermarkets, with items like toilet paper, milk, soda, hand sanitizers, etc. flying off the shelves, especially in places with confirmed cases of the virus.
Panic buying is a psychological mechanism fueled by anxiety along with a herd mentality. People hoard stuff in panic, due to fear of the unknown, according to experts.
72 SAVES
106 READS
60 SAVES
89 READS
..is a principle which makes people do things so that they don't feel regretful later.
People are panic-buying for the same reason too, with social media and news media amplifying the sense of scarcity.
61 SAVES
82 READS
Experts point out that panic buying can be a result of a lack of trust in the government.
If public fears are not addressed on time, fake news can induce panic. Better preparedness at all times for possible emergencies can be a way to reduce this among the public.
66 SAVES
93 READS
SIMILAR ARTICLES & IDEAS:
3
Key Ideas
While fighting the new virus, people seem to have got obsessed with toilet paper. However, hoarding toilet paper is nothing new. In 1973 and in 2013 the USA and Venezuela had already gone throug...
Even though the US has been mass-producing toilet paper since the late 1800s, people still seem to have an issue with this very product and, therefore, buy it in huge quantities, especially during pandemic times.
This is known as 'zero risk bias' by risk experts and it describes a person's behavior when trying to eliminate a superficial risk entirely rather than just reducing a big risk, everything in order to feel safer.
While we are all facing the biggest challenge of our life, the 2020 pandemic, our behaviors are slowly starting to change. For instance, hoarding toilet paper is not something common, at least not in modern societies. Still, it is happening worldwide these days.
Among the most efficient ways to handle shortages of any kind, shops could introduce rationing certain products or even individuals could try and convince each other that there is no real need to hoard staff, such as toilet paper, as we are not talking about unlimited resources here.
5
Key Ideas
Hoarding is a serious psychiatric disorder which has been witnessed by doctors for centuries, and is not some behavioural trait of otherwise normal people.
Symptoms of this...
Apart from mental issues, hoarding increases the chances of:
4
Key Ideas
Modeling systems are used to provide a better understanding of a bad situation and how to possibly prevent it.
Groups of researchers, teams of engineers and companies are d...
You can never accurately predict what's going to happen. Some efforts come close.
For example, models looking at the weather can achieve more than 90% accuracy. But crises are about change, and a model working from historical data may miss a dramatic and new change.