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 ?
Measured magnetic hysteresis loops of the non-milled and 10-hour milled [Co.sub.2]Z hexaferrite particles.
Many magnetocaloric materials exhibit magnetic hysteresis, where material properties are dependent on the history of the magnetic field.
3.2 Magnetic Hysteresis and Susceptible Material Signals
The Polder tensor components relate to frequency range, magnetic resonance, the magnetic hysteresis loop, geometrical dimensions and other ferromagnetic material properties.
Efficient relaxation processes can significantly lower the temperature at which magnetic information is retained, based on what would be predicted solely from consideration of an isolated Ln SMM, and thus these must be investigated to make progress.We have recently found that Ln cations bonded only to two five-membered carbon atom rings in an axial arrangement give a SMM for which the highest temperatures at which magnetic hysteresis, a memory effect that is essential for data storage, has ever been observed.
Zeng, "Magnetic hysteresis property of magnetorheological fluid material under 2D fluxes," in Proceedings of 2011 IEEE International Conference on Applied Superconductivity and Electromagnetic Devices, Sidney, Australia, December 2011.
As the concentration of Sm increased, a serious modification in the magnetic hysteresis loops existed.
Palumbo, "Automatic and accurate evaluation of the parameters of a magnetic hysteresis model," IEEE Transactions on Instrumentation and Measurement, vol.
Mekideche, "Modeling of thermal effects on magnetic hysteresis using the Jiles-Atherton model," Przeglad Elektrotechniczny, vol.
Magnetic hysteresis and constitutive nonlinearities are fundamental properties of all ferromagnetic materials, which exhibit nonlinear behavior where the permeability/susceptibility is a function of the magnetic field intensity.
In this study, the room temperature magnetic hysteresis loop of the calcined products of LDH (ZnO and Zn[Fe.sub.2][O.sub.4]) shows a paramagnetic behavior as shown in Figure 5.