Couldn't disagree more with your definition, panicking is never a desirable action. Being chased by a predator and you run? Are humans likely the fastest animals? Most predators are much faster than us and would gladly give chase. The only way out is to outsmart it and you can't do that if you're panicking. The word itself carries an undesirable connotation and is never - by definition - the best course of action.
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