Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Panic Mechanism

Handbook of Research on Retailing Techniques for Optimal Consumer Engagement and Experiences
Is the frame reflecting the external behavior al factors representing stimuli (risk content exposure), the internal behavior factors reflected by risk perception and risk aversion, the relations established between these factors and how these factors have modeled individual behavior in uncertainty contexts. In this mechanism emotions and feelings play an important role in the relations established between factors.
Published in Chapter:
Understanding Individuals' Behavior Under Uncertainty: Strategy Key Driver in Economic Crisis
Amalia Duțu (University of Pitesti, Romania)
DOI: 10.4018/978-1-7998-1412-2.ch004
Abstract
An economic crisis is an uncertain situation with negative economic evolutions like unemployment, inflation rate increase, freezing or decreasing of the wages, purchasing power decrease, etc. All of these represent economic shocks. The individual well-being is determined by many things like level, secure income, job stability, health, social relationships, and economic household security. In order to understand How and Why people behave in certain patterns in such an uncertain situation, a comprehensive analysis of situational consequences should be considered. All of these dimensions of analysis are correlated in some way and explain the consumers' behavior alteration during turbulent times. History's crises showed surviving companies were those characterized by high-speed reaction, strategic flexibility and a very good understanding of market mood. Thus, this chapter explains the consumer's behavior change in recession conditions and the panic mechanism that shapes people reactions in such conditions.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Understanding Consumers' Behaviour Change in Uncertainty Conditions: A Psychological Perspective
The frame reflecting the external behavioural factors representing stimuli (risk content exposure), the internal behaviour factors reflected by risk perception and risk aversion, the relations established between these factors and how these factors have modeled individual behaviour in uncertainty contexts. In this mechanism emotions and feelings play an important role in the relations established between factors.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR