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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....
..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 s...
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 prepared...
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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.
This is the most important thing you can do t help health care providers and emergency workers: Stay home! And if you really need to get out, maintain social distance.
Also, take a ...
The virus has exposed all front-line workers to an extreme shortage of masks, gowns and similar protective equipment.
Some providers have taken the unprecedented step of begging on social media for Personal Protective Equipment (PPE).
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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.
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