What motivates people to panic buy and stockpile goods like toilet paper? The COVID-19 pandemic has given us the chance to find out.
Articles on Panic buying
Displaying 21 - 40 of 41 articles
After the brief shock of food insecurity in the form of empty supermarket shelves, we might start thinking about having a Plan B and C based on local food sources and shorter supply chains.
A new survey shows younger Australians are more worried than older people about the repercussions of the COVID-19 pandemic, and most people are following the social distancing rules and staying home.
The Australian Competition and Consumer Commission is lightening up on its normal competition rules and allowing competitors to cooperate.
Gullibility, cynicism, pride, closed mindedness, negligence and wishful thinking. If you can use any of these to describe your reasoning, it’s likely you’re committing a sin of thought.
Psychological research suggests several ways in which socially-responsible behaviour might be encouraged.
One positive thing coming out of pandemic-related self-isolation could be that people will spend more time in their kitchens, a place where fewer Canadians have ventured in recent years.
It’s hard to get societies based on individualism to act in the collective good. That’s why you can’t find any toilet paper.
As the prime minister’s move to lockdown has shown, people could not be trusted to act responsibly for the greater good.
With people panic buying and supermarket shelves empty, the country’s ability to feed itself is being tested.
Most consumers in South Africa aren’t able to fill up a trolley of groceries for their daily needs, let alone join the panic buying induced by the COVID-19 pandemic.
It’s a great time to learn how to ferment foods. And don’t turn your nose up at frozen veggies - they can be just as nutritious as some of the fresh produce in shops.
Apart from their functional purpose, products can also impact how we feel, both about ourselves and our situation.
With shelves empty, wartime pages of the Australian Women’s Weekly show us how Australians have dealt with food shortages in the past: with creativity, ingenuity and good humour.
The good news is supermarket shelves should be back to normal sooner rather than later.
Disasters and times of crisis bring out the best in most of us. Despite the media focus on initial panic at the COVID-19 pandemic, we are are starting to see a more heartening community response.
The reason we’re seeing widespread panic around the coronavirus is probably because there are so many unknowns. But taking some simple steps can help us keep our anxiety under control.
The new coronavirus outbreak has prompted panic buying in the US and around the world, even in products that are abundant.
When it comes to stemming the frenzy of stockpiling in the face of Covid-19, governments have to act decisively and communicate clearly.
The fear of others panic buying toilet paper drives panic buying. This is not people acting irrationally. It is a case of ‘coordination failure’.
Top contributors
-
Associate Dean, School of Business and Law, Edith Cowan University
-
Adjunct assistant professor, Education, Queen's University, Ontario
-
PhD Candidate, University of Canberra
-
Professor of Marketing and Consumer Behaviour, Queensland University of Technology
-
Senior Lecturer, Queensland University of Technology
-
PhD Student in BioSciences, The University of Melbourne
-
Assistant Professor of Organisational Behaviour, INSEAD
-
Associate Head of School (Research), UniSQ School of Business, University of Southern Queensland
-
Associate Professor, The University of Melbourne
-
Assistant Professor, Beedie School of Business, Department of Technology & Operations Management, Simon Fraser University
-
Research Fellow, BehaviourWorks Australia, Monash Sustainable Development Institute, Monash University
-
Director, BehaviourWorks, Monash Sustainable Development Institute, Monash University
-
Senior Lecturer, School of Engineering and Built Environment, Griffith University, Griffith University
-
Researcher, UQ Critical Thinking Project, The University of Queensland
-
Lecturer in Law, Swinburne University of Technology