You say 'panic' like it it isn't an adaptive emotion that evolved because it saved millions of our ancestors from imminent threats to survival, while their less panic-prone, more oblivious rivals went extinct.
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Surely about trade-offs: if you panic too early and without cause you waste calories & time. There are opportunity costs to panicking, & also effects cognition so if employed at wrong time can actually be a threat to survival.
The cost/benefit/risk calculus has been well analyzed with the 'smoke detector principle' in evolutionary psychologyhttps://academic.oup.com/emph/article/2019/1/1/5229271 …
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Yes - I know all about that. Randy is a friend & interviewed him for my book. y point was that current panic (of buying loo paper for example) may well be way out in terms of the actual environmental risk (just as many panic attacks are).
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Fair enough. But also, the media, markets, & politicians gain from trying to reassure investors, consumers, & voters, by making fun of the small % of people who panic in especially irrational & counter-productive ways.
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