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Coronavirus: The psychology behind panic buying
Nudge
English - March 13, 2020 18:55 - 17 minutes - 16.3 MB - ★★★★★ - 146 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: #24: How to nudge within your business
Next Episode: #26: Why do 80% of product launches fail?
The world is panic buying. The UK’s largest supermarket has capped sales of essentials, Kiwi shoppers are spending 40% more YoY, and some Malaysian consumers have spent 800% more on hand sanitizer. But why does it happen? What can psychology tell us about this behavior? And more importantly, is the response from corporations and governments correct?
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