In spite of large number of financial crises, often depicted as episodes of financial panic, the notion of panic in financial markets is not very well understood. Many have argued that in order to understand financial crises, and in particular panic events, we need to go beyond classic economic...

Social tipping can accelerate beneficial changes in behaviour in diverse domains from equality and social justice to climate change. Hypothetically, however, group identities might undermine tipping in ways policy makers do not anticipate. To examine this, we implemented an experiment around the...