Hysteresis

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Related to 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 ?
In this algorithm, it is assumed that the amount of heat that has been formed corresponds to the area of the hysteresis loops at each point of the design.
This polynomial interpolates the ascending SHLC of the most outer hysteresis loop obtained at 220 V supply.
Chwastek, "Modelling of dynamic hysteresis loops using the Jiles-Atherton approach," Mathematical and Computer Modelling of Dynamical Systems, vol.
the recoverable elastic part of deformation plays an import rule, the simulated result fairly mimics the movement of the hysteresis loops along the direction of mean stress even without the consideration of the influence of previous deformation on the following cycle.
Ligament hysteresis loops differed in terms of ligament opening force and in terms of resilience.
To ease the comparison of the stiffness degradation, the secant stiffness of the hysteresis loop K was normalized with the effective stiffness [K.
The same algorithm was used to obtain the hysteresis loops, but in this case the electric field was varied instead of the temperature.
The variation of parameter [beta] for A = 1, [gamma] = 1, n = 1 has the effect of turning the backbone of hysteresis loop in clockwise simultaneously with its curving clockwise for negative values of the parameter [beta] and clockwise for positive values of the same parameter.
This can be seen in Figure 11 that shows the hysteresis loops at 100 cycles and 500,000 cycles for all materials investigated here.
The curves for the AnIR gloves show only a small crystallization induced hysteresis loop.
Typical hysteresis loop of connection between steel plates and vertical member having pretension equals to 0 kN is shown in Figure 3.
Type H1 and H4 are two extreme conditions: hysteresis loop of H1 type is almost vertical, and H4 type is nearly parallel over an appreciable range of relative pressure.