Psychological Ownership in Hoarding

Chu, Charlene K.

doi:10.1007/978-3-319-77158-8_8

Cited by 18 publications

(15 citation statements)

References 31 publications

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“…Literature has identified some pre‐buying behaviours such as crowding and queuing (Aylott & Mitchell, 1998) and in‐store hiding (Gupta & Gentry, 2019). Consumers are also shown to indulge in compulsive hoarding (Chu, 2018; Frost & Hartl, 1996; Mueller et al., 2007), impulsive hoarding, phantom hoarding (Sterman & Dogan, 2015) and stockpiling (Chronopolous et al., 2020; Zheng et al., 2020). Some studies reported an increase in inappropriate behaviour and even abuse towards pharmacists and medical caregivers (see Zaidi & Hasan, 2020, for an example).…”

Section: Discussionmentioning

confidence: 99%

Panic buying research: A systematic literature review and future research agenda

Billore

Anisimova

2021

Int J Consumer Studies

175

127

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Panic buying has re‐emerged as a ‘new’ normal consumer behaviour and has become a coping mechanism for real and perceived dangers associated with COVID‐19. Despite the need for a better understanding of the panic buying phenomenon, there has been a lack of scholarly research on this topic. This study seeks to fill this gap. In this article, we systematically review extant studies in panic buying from the last two decades. We analyse and categorize them according to Callahan's 4W (2014) review structure and Paul and Rosado‐Serrano's (2019) TCCM framework. We found that the existing publications in panic buying are fragmented across multiple disciplines. Due to the nature of the panic‐induced behaviour, most of them have been written as a reaction to the pandemic crisis. We contribute to marketing research by providing theoretical, contextual and methodological insights into the field of panic buying. Furthermore, we develop a research agenda related to retailer and consumer perspectives. Additionally, we identify research issues related to policymaking and governance, as well as broader societal impacts that need to be addressed in the future.

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Section: Discussionmentioning

confidence: 99%

Panic buying research: A systematic literature review and future research agenda

Billore

Anisimova

2021

Int J Consumer Studies

175

127

View full text Add to dashboard Cite

show abstract

“…Hoarding or stockpiling is the act of collecting and safeguarding a large quantity of possessions for future use (Chu 2018). Consumer hoarding during COVID-19 were likely to be primarily affected by government public health interventions that served to constrain consumers' normal consumption behaviors and practices (Hall et al 2020), e.g., in terms of where, when and how to purchase; supply chain disruptions (Kirk and Rifkin 2020;and social media (Zhao and Zhou 2020;Leung et al 2021), and sensationalist media reporting (Arafat et al 2020b).…”

Section: Introductionmentioning

confidence: 99%

Panic Buying and Consumption Displacement during COVID-19: Evidence from New Zealand

et al. 2021

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Panic buying and hoarding behavior is a significant component of crisis- and disaster-related consumption displacement that has received considerable attention during the COVID-19 pandemic. Understanding such purchasing and stockpiling behavior provides critical information for government, disaster managers and the retail sector, as well as policy makers to adjust crisis response strategies and to better understand disaster management, including preparedness and response strategies. This study examines consumer purchasing behavior, retail spending and transactional data for different retail sectors between January 2017 and December 2020 using data for the greater Christchurch region in New Zealand. Once COVID-19-related panic buying began, overall spending increased sharply in anticipation of lockdowns. Transactional spending increased and subsided only slowly to a level higher than pre lockdown. The magnitude of the panic buying event far exceeded historical seasonal patterns of consumer spending outside of Christmas, Easter and Black Friday, although daily spending levels were comparable to such consumption events. The results of the study highlight the importance of comparing panic buying to other events in terms of purchasing motivations and also considering that so-called panic buying may contribute to greater individual and household resilience. The volume of sales alone is not adequate to define panic buying. Instead, the extent of divergence from the normal daily spending value per retail transaction of a given population provides a much more accurate characteristic of panic buying.

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“…Among other life's domains, buying habits are likely to have been influenced by the situation since it has already been shown that, in similar times of crisis (e.g., earthquakes, hurricanes, wars, and so on), people tend to manifest herd behavior and hoarding when facing a mass threat. Hoarding behavior is defined as the act of collecting and safeguarding a larger number of possessions than the one needed for the future (Chu, 2018 ). From an economic and social perspective, the impact of over-acquiring products during a crisis represents a problem for the supply chain disruption risk management.…”

Section: Introductionmentioning

confidence: 99%

Temporal Discounting of Money and Face Masks During the COVID-19 Pandemic: The Role of Hoarding Level

et al. 2021

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The current study examines the association of individual hoarding levels with temporal discounting of different commodities during the COVID-19 pandemic. Based on their hoarding level, participants were assigned to the Hoarding Group (HG) or the Non-Hoarding Group (NHG). Participants performed two delay discounting tasks: a traditional task with monetary options and a modified task, where money was replaced with disposable surgical masks, a needed commodity during the pandemic. Results revealed a stronger preference for immediate commodity, therefore a higher discount rate, when evaluating surgical masks compared to money in the whole sample, and an overall higher tendency in discounting both type of rewards in the NHG compared to the HG. Moreover, non-hoarders discounted money significantly more than hoarders, while no significant differences were detected in the surgical mask version of the task. Possible explanations for this result are discussed in the light of a situational frame that makes salient the notion of scarcity, like the one induced by the COVID-19 pandemic. The hoarding dimension of cluttering was found to be the only dimension to significantly correlate with the discount rate on surgical masks. Altogether, these findings shed light on the role of general hoarding level and specific hoarding dimensions on intertemporal preferences with different commodities by contributing to the theoretical debate about impulsivity in hoarders' behavior. Furthermore, the present results help to understand the general population's preferences during times of crisis, thus contributing to the investigation of the effects of COVID-19 on consumers' behavior.

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Psychological Ownership in Hoarding

Cited by 18 publications

References 31 publications

Panic buying research: A systematic literature review and future research agenda

Panic buying research: A systematic literature review and future research agenda

Panic Buying and Consumption Displacement during COVID-19: Evidence from New Zealand

Temporal Discounting of Money and Face Masks During the COVID-19 Pandemic: The Role of Hoarding Level

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