Psych teachers: so much real life social psych happening right now--with exs of social responsibility norms, need-to-belong vs. social distancing, availability heuristic feeding fears, selective information exposure, & this--which involves psychology as well as economic behavior:
The economics of toilet paper shortages is the same as bank runs. [thread]
Even if you’re not freaked out about a pandemic, you worry that everyone else is & they’ll stockpile to 🧻, & you don’t want to be the left paperless. So you stockpile to avoid being shut out by others.