During the early stages of the COVID-19 pandemic, consumers hoarded essential goods like toilet paper due to social proof and fear of future scarcity.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (4)

• consumers concept
• COVID-19 pandemic event
• social proof concept
• scarcity concept