Pandemic buying : Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic. / Bentall, Richard; Lloyd, Alex; Bennett, Kate; McKay, Ryan; Mason, Liam; Murphy, Jamie; McBride, Orla; Hartman, Todd; Gibson-Miller, Jilly; Levita, Liat; Martinez, Anton; Stocks, Thomas; Butters, Sarah; Vallières, Frédérique; Hyland, Philip; Karatzias, Thanos; Shevlin, Mark.

In: PLoS ONE, Vol. 16, No. 1, e0246339, 27.01.2021.

Research output: Contribution to journalArticlepeer-review

Published

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Pandemic buying : Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic. / Bentall, Richard; Lloyd, Alex; Bennett, Kate; McKay, Ryan; Mason, Liam; Murphy, Jamie; McBride, Orla; Hartman, Todd; Gibson-Miller, Jilly; Levita, Liat; Martinez, Anton; Stocks, Thomas; Butters, Sarah; Vallières, Frédérique; Hyland, Philip; Karatzias, Thanos; Shevlin, Mark.

In: PLoS ONE, Vol. 16, No. 1, e0246339, 27.01.2021.

Research output: Contribution to journalArticlepeer-review

Harvard

Bentall, R, Lloyd, A, Bennett, K, McKay, R, Mason, L, Murphy, J, McBride, O, Hartman, T, Gibson-Miller, J, Levita, L, Martinez, A, Stocks, T, Butters, S, Vallières, F, Hyland, P, Karatzias, T & Shevlin, M 2021, 'Pandemic buying: Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic', PLoS ONE, vol. 16, no. 1, e0246339. https://doi.org/10.1371/journal.pone.0246339

APA

Bentall, R., Lloyd, A., Bennett, K., McKay, R., Mason, L., Murphy, J., McBride, O., Hartman, T., Gibson-Miller, J., Levita, L., Martinez, A., Stocks, T., Butters, S., Vallières, F., Hyland, P., Karatzias, T., & Shevlin, M. (2021). Pandemic buying: Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic. PLoS ONE, 16(1), [e0246339]. https://doi.org/10.1371/journal.pone.0246339

Vancouver

Author

Bentall, Richard ; Lloyd, Alex ; Bennett, Kate ; McKay, Ryan ; Mason, Liam ; Murphy, Jamie ; McBride, Orla ; Hartman, Todd ; Gibson-Miller, Jilly ; Levita, Liat ; Martinez, Anton ; Stocks, Thomas ; Butters, Sarah ; Vallières, Frédérique ; Hyland, Philip ; Karatzias, Thanos ; Shevlin, Mark. / Pandemic buying : Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic. In: PLoS ONE. 2021 ; Vol. 16, No. 1.

BibTeX

@article{e864162eda5348f6be33787033d44cae,
title = "Pandemic buying: Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic",
abstract = "The over-purchasing and hoarding of necessities is a common response to crises, especially in developed economies where there is normally an expectation of plentiful supply. This behaviour was observed internationally during the early stages of the Covid-19 pandemic. In the absence of actual scarcity, this behaviour can be described as {\textquoteleft}panic buying{\textquoteright} and can lead to temporary shortages. However, there have been few psychological studies of this phenomenon. Here we propose a psychological model of over-purchasing informed by animal foraging theory and make predictions about variables that predict over-purchasing by either exacerbating or mitigating the anticipation of future scarcity. These variables include additional scarcity cues (e.g. loss of income), distress (e.g. depression), psychological factors that draw attention to these cues (e.g. neuroticism) or to reassuring messages (eg. analytical reasoning) or which facilitate over-purchasing (e.g. income). We tested our model in parallel nationally representative internet surveys of the adult general population conducted in the United Kingdom (UK: N = 2025) and the Republic of Ireland (RoI: N = 1041) 52 and 31 days after the first confirmed cases of COVID-19 were detected in the UK and RoI, respectively. About three quarters of participants reported minimal over-purchasing. There was more over-purchasing in RoI vs UK and in urban vs rural areas. When over-purchasing occurred, in both countries it was observed across a wide range of product categories and was accounted for by a single latent factor. It was positively predicted by household income, the presence of children at home, psychological distress (depression, death anxiety), threat sensitivity (right wing authoritarianism) and mistrust of others (paranoia). Analytic reasoning ability had an inhibitory effect. Predictor variables accounted for 36% and 34% of the variance in over-purchasing in the UK and RoI respectively. With some caveats, the data supported our model and points to strategies to mitigate over-purchasing in future crises.",
author = "Richard Bentall and Alex Lloyd and Kate Bennett and Ryan McKay and Liam Mason and Jamie Murphy and Orla McBride and Todd Hartman and Jilly Gibson-Miller and Liat Levita and Anton Martinez and Thomas Stocks and Sarah Butters and Fr{\'e}d{\'e}rique Valli{\`e}res and Philip Hyland and Thanos Karatzias and Mark Shevlin",
year = "2021",
month = jan,
day = "27",
doi = "10.1371/journal.pone.0246339",
language = "English",
volume = "16",
journal = "PLoS ONE",
issn = "1932-6203",
publisher = "Public Library of Science",
number = "1",

}

RIS

TY - JOUR

T1 - Pandemic buying

T2 - Testing a psychological model of over-purchasing and panic buying using data from the United Kingdom and the Republic of Ireland during the early phase of the COVID-19 pandemic

AU - Bentall, Richard

AU - Lloyd, Alex

AU - Bennett, Kate

AU - McKay, Ryan

AU - Mason, Liam

AU - Murphy, Jamie

AU - McBride, Orla

AU - Hartman, Todd

AU - Gibson-Miller, Jilly

AU - Levita, Liat

AU - Martinez, Anton

AU - Stocks, Thomas

AU - Butters, Sarah

AU - Vallières, Frédérique

AU - Hyland, Philip

AU - Karatzias, Thanos

AU - Shevlin, Mark

PY - 2021/1/27

Y1 - 2021/1/27

N2 - The over-purchasing and hoarding of necessities is a common response to crises, especially in developed economies where there is normally an expectation of plentiful supply. This behaviour was observed internationally during the early stages of the Covid-19 pandemic. In the absence of actual scarcity, this behaviour can be described as ‘panic buying’ and can lead to temporary shortages. However, there have been few psychological studies of this phenomenon. Here we propose a psychological model of over-purchasing informed by animal foraging theory and make predictions about variables that predict over-purchasing by either exacerbating or mitigating the anticipation of future scarcity. These variables include additional scarcity cues (e.g. loss of income), distress (e.g. depression), psychological factors that draw attention to these cues (e.g. neuroticism) or to reassuring messages (eg. analytical reasoning) or which facilitate over-purchasing (e.g. income). We tested our model in parallel nationally representative internet surveys of the adult general population conducted in the United Kingdom (UK: N = 2025) and the Republic of Ireland (RoI: N = 1041) 52 and 31 days after the first confirmed cases of COVID-19 were detected in the UK and RoI, respectively. About three quarters of participants reported minimal over-purchasing. There was more over-purchasing in RoI vs UK and in urban vs rural areas. When over-purchasing occurred, in both countries it was observed across a wide range of product categories and was accounted for by a single latent factor. It was positively predicted by household income, the presence of children at home, psychological distress (depression, death anxiety), threat sensitivity (right wing authoritarianism) and mistrust of others (paranoia). Analytic reasoning ability had an inhibitory effect. Predictor variables accounted for 36% and 34% of the variance in over-purchasing in the UK and RoI respectively. With some caveats, the data supported our model and points to strategies to mitigate over-purchasing in future crises.

AB - The over-purchasing and hoarding of necessities is a common response to crises, especially in developed economies where there is normally an expectation of plentiful supply. This behaviour was observed internationally during the early stages of the Covid-19 pandemic. In the absence of actual scarcity, this behaviour can be described as ‘panic buying’ and can lead to temporary shortages. However, there have been few psychological studies of this phenomenon. Here we propose a psychological model of over-purchasing informed by animal foraging theory and make predictions about variables that predict over-purchasing by either exacerbating or mitigating the anticipation of future scarcity. These variables include additional scarcity cues (e.g. loss of income), distress (e.g. depression), psychological factors that draw attention to these cues (e.g. neuroticism) or to reassuring messages (eg. analytical reasoning) or which facilitate over-purchasing (e.g. income). We tested our model in parallel nationally representative internet surveys of the adult general population conducted in the United Kingdom (UK: N = 2025) and the Republic of Ireland (RoI: N = 1041) 52 and 31 days after the first confirmed cases of COVID-19 were detected in the UK and RoI, respectively. About three quarters of participants reported minimal over-purchasing. There was more over-purchasing in RoI vs UK and in urban vs rural areas. When over-purchasing occurred, in both countries it was observed across a wide range of product categories and was accounted for by a single latent factor. It was positively predicted by household income, the presence of children at home, psychological distress (depression, death anxiety), threat sensitivity (right wing authoritarianism) and mistrust of others (paranoia). Analytic reasoning ability had an inhibitory effect. Predictor variables accounted for 36% and 34% of the variance in over-purchasing in the UK and RoI respectively. With some caveats, the data supported our model and points to strategies to mitigate over-purchasing in future crises.

U2 - 10.1371/journal.pone.0246339

DO - 10.1371/journal.pone.0246339

M3 - Article

VL - 16

JO - PLoS ONE

JF - PLoS ONE

SN - 1932-6203

IS - 1

M1 - e0246339

ER -