Panic Buying - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Panic Buying

Panic Buying

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.

STASHED IN:

88

MORE IDEAS FROM THE SAME ARTICLE

..is a principle which makes people do things so that they don't feel regretful later. 

  • Panic buying makes people feel in charge of the situation, while seemingly mundane measures like hand-washing, which are actually impactful, seem ordinary.
  • The problem comes when people overbuy in their over-panicked state of mind (irrational stockpiling), making the shortages worse ...

Experts point out that panic buying can be a result of a lack of trust in the government.

2 Reactions

Comment

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score