Herd Mentality and Fear of Losing Out Sparks Panic Buying
Following the crowd and the fear of losing out – heightened all the more with by existing anxiety disorders – has led to the huge public demand on hygiene products in the wake of the coronavirus outbreak.
This is the view of Dr Renata Schoeman, a psychiatrist, who told News24 the panic buying could come from those with pre-existing anxiety disorders or people with compulsions related to germs. But these, she added, are in the minority.
She said it was normal for people to engage in panic buying when faced with uncertainty, citing the Day Zero scenario in 2018, where people in the Western Cape started stocking up on water when they were faced with the prospect of taps running dry.