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Electrical hysteresis typically occurs in ferroelectric material, where domains of polarization contribute to the total polarization. Polarization is the electrical dipole moment (either C·m −2 or C·m). The mechanism, an organization of the polarization into domains, is similar to that of magnetic hysteresis.
In control theory, a bang–bang controller (hysteresis, 2 step or on–off controller), is a feedback controller that switches abruptly between two states. These controllers may be realized in terms of any element that provides hysteresis. They are often used to control a plant that accepts a binary input, for example a furnace that is either ...
If there is no hysteresis in unemployment, then for example if the central bank wishes to lower the inflation rate it may shift to a contractionary monetary policy, which if not fully anticipated and believed will temporarily increase the unemployment rate; if the contractionary policy persists, the unemployment rise will eventually disappear as the unemployment rate returns to the natural rate.
Hysteresis is an important concept in alternative stable state theory. In this ecological context, hysteresis refers to the existence of different stable states under the same variables or parameters. Hysteresis can be explained by "path-dependency", in which the equilibrium point for the trajectory of "A → B" is different from for "B → A ...
The insider-outsider theory is a theory of labor economics that explains how firm behavior, national welfare, and wage negotiations are affected by a group in a more privileged position. [1] The theory was developed by Assar Lindbeck and Dennis Snower in a series of publications beginning in 1984. [1] [2] [3] Wages set by insiders [4]
Positive feedback in economic systems can cause boom-then-bust cycles. A familiar example of positive feedback is the loud squealing or howling sound produced by audio feedback in public address systems: the microphone picks up sound from its own loudspeakers, amplifies it, and sends it through the speakers again.
A nonlinear dynamical system exhibits chaotic hysteresis if it simultaneously exhibits chaotic dynamics (chaos theory) and hysteresis.As the latter involves the persistence of a state, such as magnetization, after the causal or exogenous force or factor is removed, it involves multiple equilibria for given sets of control conditions.
A complex system is a system composed of many components which may interact with each other. [1] Examples of complex systems are Earth's global climate, organisms, the human brain, infrastructure such as power grid, transportation or communication systems, complex software and electronic systems, social and economic organizations (like cities), an ecosystem, a living cell, and, ultimately, for ...