Hysteresis


Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

Hysteresis

Used to characterize a lagging effect. Firms may fail to enter markets that appear attractive, or firms that are once invested in a market may persist in operating at a loss. The effect is characteristic of investments with high entry and exit costs along with high uncertainty.

Hysteresis

In economics, a situation or indicator that persists despite evidence that it should not. For example, the unemployment rate tends to remain high even after GDP growth has resumed, in part because business owners are afraid that growth will turn negative again even if they have no rational reason for believing so. One may think of hysteresis as an economy's collective memory. See also: Lagging indicator.
References in periodicals archive ?
Hysteresis curves were generated from the calculated rate data.
Dielectric hysteresis loops were measured by the modified Sawyer-Tower method simultaneously with distant temperature control with the aid of thermal vision camera Testo-875-1.
An important part of the simulation of such processes is the preliminary determination of the patterns of hysteresis loops formation in the dynamic loading of structures from elastomeric materials.
Furthermore, the width of the hysteresis should not change when the activation temperature changes and should be largely insensitive to supply variations.
Corneal hysteresis is a measure of the biomechanical properties of the cornea.
Where, HB is the hysteresis band and G1, G4 is the gate switches illustrated in Figure 3.
HW] : degree of the hysteresis converted to wheel center position
On the one hand, the double frequency characteristic of GMM could be removed; on the other hand, the high linearity part of hysteresis loop near the bias magnetic fields is applied to reduce the nonlinearity.
The circuit diagram in Figure 2 improves upon older phase control/dimmer circuits that provided poor hysteresis by adding steering diodes around the Cl firing capacitor.
have used treated low-density polyethylene (LDPE) with plasma etching to get a superhydrophobic surface with CA of 170[degrees] and low contact angle hysteresis (<5[degrees]).
Last month saw the 160th anniversary of a distinguished physicist and engineer known for his pioneering work on the magnetic properties of metals and on hysteresis.
As the engineer drew his hysteresis magnetization curves, I looked over his shoulder and reframed, for sport, his terminologies from the upper right quadrant of his graph as follows: his "a," "fully magnetized," I changed to "fully traumatized"; "b," his "residual magnetization" (magnetic memory), I changed to "residual traumatization" (memory of the trauma); and "o," his "initial nonmagnetized state," I changed to the "initial nontraumatized state," to which the person never returns, that is, with no evidence of having been exposed to the traumatizing circumstance.