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 present study investigates a system comprised of geometrical NES with hysteresis behavior reflecting material nonlinearity and a piezoelectricity-based vibration energy harvester, which is attached to the single-degree-of-freedom primary system under shock excitation.
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.
[K.sub.HW] : degree of the hysteresis converted to wheel center position
For applications in which a wide control range and low hysteresis are less critical, a quadrac device (a special type of thyristor that combines a diac and a triac) offers a simple variable light control alternative.
To correctly model the device and generate reasonable prediction results, numerical methods have to combine the solution of Maxwell's equations with advanced hysteresis models.
Hysteresis loops showed that the addition of polyurethane causes a significant increase in the energy dissipation coefficient.
Thus, the derived formula of hysteresis margin can be dynamically configured according to the UE's speed.
The values of area within the hysteresis loops increased with increasing temperature in the temperature range 350-400 K.
(ii) Displacement and Hysteresis under Different Loads.
Hysteresis Loop and Energy Deformation Characteristics.
ISO 10522 [8] describes a test to determine the regulated pressure as function of inlet pressures at constant flow rate and neglecting hysteresis effects.