What is the psychology behind 'panic' buying?

Name: What is the psychology behind 'panic' buying?
Uploaded: 2012-03-30T20:34:36.000Z
Duration: 2 min 31 s
Description: The threat of fuel shortages because of planned industrial action has lead to so-called panic buying at petrol stations, but what is the psychology behind 'panic' buying?

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The threat of fuel shortages because of planned industrial action has lead to so-called panic buying at petrol stations, but what is the psychology behind 'panic' buying?

Dr Clifford Stott is a collective psychology expert.

30 March 2012