Current Events Economics Psychology How did herd behavior contribute to the 2020 toilet paper shortage? December 21, 2025 by Riding Herd behavior significantly contributed to the 2020 toilet paper shortage by causing widespread panic buying. As people saw others stockpiling toilet paper due to fears of COVID-19 lockdowns, they followed suit, leading to empty shelves and supply chain disruptions. Understanding this phenomenon can help prevent similar shortages in the future. What Is Herd Behavior? Herd […] Read more »