Hysteresis


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Related to Hysteresis: Hysteresis loop, hysteresis error, Hysteresis loss, Magnetic hysteresis, elastic hysteresis

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 ?
He noted that the economics profession knows amazingly little about the degree and extent of hysteresis and that exploring the policy implications of this uncertainty was itself an interesting exercise.
Here an attempt is made to focus on the questions mentioned above by comparing the hysteresis and dynamic mechanical properties of the FGPCs and UDPCs.
Advancing contact angles, receding contact angles, and the contact angle hysteresis with water and methyleneiodide are shown in Figs.
An important aspect of the hysteresis process is that the window size may be any value, depending on the desired effect.
In addition to offering exceptional low-viscosity for processing ease, Ulti-Pro 100 promises lower hysteresis, higher modulus, increased stiffness and hardness, and faster cure rate.
This method of determining letoff introduces static hysteresis and is referred to as "effective letoff" (again, see figure 2).
In addition, it features excellent repeatability, low hysteresis, accurate operation over a broad temperature range, and has exceptional insensitivity to vibration.
On this basis the authors introduce the three main areas of New Keynesian Economics: Real rigidities, nominal rigidities, co-ordination failures and hysteresis.
PREVENT was a prospective, randomized, international, crossover study enrolling 202 patients with a goal to evaluate whether an enhanced atrioventricular search hysteresis (AVSH) with a longer search interval has an increased benefit in terms of %VP reduction over standard AVSH in patients with a class I pacemaker indication.
Rolling resistance, or hysteresis, is a property that is directly related to the fuel efficiency of a vehicle.
Creep as well as hysteresis tests were performed at different strain rate, stress levels, and temperatures.
The invention reduces hysteresis, which can cause errors and signal loss.