But you don't need to be waiting for the other team to overcommit to use the man advantage and pass the ball around. That's just counter-intuitive. You already know that your defense is leaking chances, why would you take the chance and give control to the team having 10 men, when you can be using the extra man to control the game and score the 3rd.
This is just an extremely poor approach IMO. Especially since we also didn't look to score the 3rd very much.
There was an incident in the 89th minute when it was just luck that didn't make us concede a pen. If the ball hits Pique's arm 10cm wider, it's a pen, 2-2, and the 3 points are lost, with us looking like clowns.
If it's not panic, then it's bad management.