Hysteresis

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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 ?
The magnetic hysteresis exhibited by gadolinium is quite low and Dan'kov et al.
We tested for magnetic hysteresis using the main watt apparatus in a series of "zero-field" measurements.
The effect of magnetic hysteresis on the measured critical current of high temperature superconductors is a very important consideration for every measurement procedure that involves more than one sweep of magnetic field, changes in field angle, or changes in temperature at a given field.