Researcher Rob Boddice says panic is a billion-euro problem, yet one that has no agreed definition. HS reports that he sees it not as a series of isolated reactions, but as a phenomenon that runs through many parts of society.

Boddice says panic is connected to almost everything, which makes it difficult to pin down but important to examine. The point raises a broader question about how such a vague concept can still have major effects on the economy, decision-making and everyday life.