A discussion of irrational stockpiling behaviour during crisis
Yiqun Chen, Abbas Rajabifard, Soheil Sabri, Katie Elisabeth Potts, Farhad Laylavi, Yuke Xie, Yibo Zhang
Journal of Safety Science and Resilience | Elsevier BV | Published : 2020
One of the ubiquitous human behaviours observed in natural disasters and humanitarian crisis is irrational stockpiling (also known as hoarding or panic buying). Limited, distorted and exaggerated information during crisis disturbs people's judgement and results in aberrant actions which can be explained with economics and psychology theories. The objective of this paper is to examine the perplexing stockpiling phenomena during disasters like COVID-19 pandemic and discuss its immediate and long-term impact on economy, society and local communities.