Hysteresis

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

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 ?
This is because, under the assumptions of fixed real government expenditure and nominal interest rates, the price level in the model has hysterisis properties.
Hysterisis, creep, delamination and rusting can become cumulative losses that mean the difference between excellent reception and marginal reception.
At the same time, board space and cost is reduced with features such as comparator hysterisis, to allow direct interfacing to a hall-effect element without additional signal-conditioning circuitry.
As the temperature decreased both the apparent loading modulus and strength increase, but the samples recover their original dimensions upon unloading, the unloading curve exhibits some hysterisis but unloads to near zero load for all temperatures and strain rates.
Both measurements of phase inversion in the middle of the pipe and at the wall showed very few differences between the o/w [right arrow] w/o and w/o [right arrow] o/w inversion routes (Figures 3 and 5), suggesting that there is no hysterisis effect (or ambivalent range) in the current pipeline system.