ICPS
2021 APS Virtual Convention · 2021
Consuming Away the Fear: People Acquire More and Prefer More Functional Goods during COVID-19
- Amanda Szczesniak
Wayne State University - Stephanie Preston
University of Michigan - Brian Vickers
University of Michigan
Abstract
Stress and uncertainty are theorized to promote the acquisition and storage of resources, sometimes described as "panic buying" or hoarding. COVID-19 presented a unique opportunity to experimentally demonstrate this phenomenon. Compared to experimental data collected before the pandemic, people acquired more items and preferred more functional goods during COVID-19.
Decision Making
