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 ?
It is thus reasonably to think that the characteristics of the G' and G" hystereses at low temperatures in the elastomeric TPUs are related to the ratio of hard and soft segments and to how the quenching upon processing affects the phase-separation kinetics.
The results (not shown here) demonstrated that at least in the range of rates at which the temperature was ramped, the phenomena associated with the hystereses at low frequencies are not dependent on the rate at which the temperature was changed.
It is thus reasonable to conclude that this phase transition is the reason for the low-temperature hystereses observed in dynamic rheological functions.