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 digital filter over-samples and applies hysterisis to the data to remove glitches, spurious noise and account for jitter.
Besides, the extent of localized attack depends solely on the nature of the hysterisis loop, it seems reasonable to predict the nature of attack caused due to various treatment effects.
The ThinGap[TM] TG3600 Series slotless brushless PM motor from G&G Technology incorporates new winding technology that eliminates eddy current and hysterisis losses and achieves very high power efficiency over a wide speed range.
The standard features include simple ranging capabilities, single setpoint/alarm with a 10-amp relay, a solid state output, adjustable hysterisis, and 115/230 VAC selectable input voltage.
price/exchange rate relationship may be more subject to hysterisis than other economies, which may bias the results [3; 20].
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.