Exploring panic buying as a situational response – the role of fear, media exposure and context-specific paranoia
Matej Nakić,
Mirna Koričan Lajtman,
Goran Oblaković
Abstract:PurposeDrawing on prospect theory, terror management theory, and social influence theories, this study explores the phenomenon of panic buying amid the COVID-19 pandemic, namely its situational antecedents such as fear of COVID-19, increased media exposure to COVID-19-related news, and context-specific paranoia. It offers insight into the situational nature of panic buying, contrary to the purely dispositional/trait conceptualization of irrational spending, usually depicted through the phenomenon of compulsive… Show more
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