Hysteresis

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Related to hysteretic: Hysteresis loop, Hysteresis loss

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 hysteretic force is assumed to result from induced distortion in the edge geometry after rotation.
The hysteretic diagrams were open and boxy, which demonstrated that energy was dissipated by friction between the sill log and floor diaphragm or sill plate.
The scheme of hysteretic flow in this paper deals with numerical solutions of the mixed Richards equation to simulate hysteretic transient flow in the unsaturated zone.
Seismic Interaction of Structures on Hysteretic Foundations, ASCE Journal of Structural Engineering 101(1): 109-129.
With its hysteretic control architecture and high-side current sense scheme, the device provides an ideal solution to drive the HBLEDs with constant current.
The numerical simulation of the piano hammer impact was provided by the dynamical hysteretic model of the piano hammer, which relates the nonlinear force F (t) exerted by the hammer and the felt compression u(t) in the form [7]
It implements a hysteretic analog control loop to stabilize the output voltage, while the entire integrated power stage is turned on and off to control the power flow.
Comparison of Linear, Nonlinear, Hysteretic, and Probabilistic MR Damper Models.
The results (figure 3) showed that the hysteretic heat buildup was significantly altered by the orientation of the filler particles.
Crack tip heating result from hysteretic heating due to plastic or viscoelastic deformation in the matrix and frictional heating due to the surface contact under crack closure or friction between the fibers and the matrix [7].